As mentioned in our last CV TrustCo blog, we will discuss what is left after the federal government’s July 18th tax proposals. Using a Canadian Controlled Private Corporation may lose some of its tax advantages. However, Trusts have survived. This blog will highlight the benefits of holding assets in a Trust and how a Trust can facilitate long term family planning.
(Trust and Estate law, Family law, and Tax law are all minefields in their own right, and increasing areas in family litigation. This CV TrustCo blog discusses Trusts and concepts at a very high level, so please read and appreciate accordingly. ) (more…)