Retirement Advice

Residence of Executor may have important tax consequences on your Estate……

 in Retirement Advice

Ontario residents may know that in appointing an executor to carry out the tasks set forth in a will, people automatically consider trustworthiness and reliability, but residency is another attribute that might also be considered important. The Canada Revenue Agency has stated in an interpretation bulletin that the residence of a trust depends on the residence of the trustee. The interpretation applies to decedents’ estates as well. If a person appoints a non-resident of Canada as his or her executor, the estate will not receive preferred tax treatment on Canadian dividends or capital gains, and it may not be able […]

HEALTH & TRAVEL

 in Personal Insurance / Retirement Advice

We all enjoy being healthy, feeling good, and having the freedom to go where we wish when we want to. Having adequate coverage for both health and dental care at home, and travel insurance when we are out of the country, is very important to protect our family’s assets. The cost of medical and dental payments and travel expenses is even more important now, as the cost of care has risen significantly. There is a risk of an accident or serious illness when we are out of the country. While we are travelling, we may suffer injuries or sicknesses that […]