It is not is too late to plan for 2018. Under Section 663(b) of the Code, the “65 Day Rule” provides an opportunity for estates and certain trusts to elect to treat distributions made within 65 days of year-end as if...
Read MoreBy: John Dawson One of the questions I am often asked by clients is, “Should I transfer my automobiles to my revocable living trust?” I generally advise clients not to transfer their automobiles to their revocable living...
Read MoreBy Les RaatzContributions to an IRA – Deadline April 15, 2016. Individuals can make annual contributions to Individual Retirement Accounts as late as April 15, 2016 and still treat them as made for the tax year 2015. Wealthier...
Read MoreBy Ted Citrome Amendments to the Income Tax Act (the “Act”) which take effect on January 1, 2016 have the potential to thwart Canadian estate plans that involve trusts. In effect, these new rules shift the liability for income...
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