The global financial crisis, which is of significant concern to investors and retirees in planning the right outcomes before the end of 2008, must also be considered by executors dealing with the financial consequences at death for Canada's aging demographic. The opportunity to add value as an informed executor of the estate of grandparents, parents, and siblings is both an honour and a large responsibility that can be extremely costly when the correct tax consequences are missed.
"Practical education on year end planning for families and individual investors in this critical time will be discussed in detail," says Evelyn Jacks, President and Founder of The Knowledge Bureau. "However, we also are very pleased to review the astute preparation of the final return of those who pass away this year, in conjunction with various trust structures available. We believe this is of particular relevance in light of the significant financial turbulence we are experiencing today."
John will show that is achieved by opting out of the rollover available under subsection 70(6) on an asset by asset basis.
Advisors and the executors they work with, must also be aware of rules relating to qualified farm property and qualifying small business corporations, where a capital gains exemption is available. Depending on the terms of the trust, the designation does not have to be made evenly or equally among a collection of beneficiaries, but can be made in a way where the gains are allocated to the beneficiaries who have the most opportunity to take advantage of it, and other forms of income are allocated to other beneficiaries.
|November 14||Winnipeg||The Manitoba Club||Register Now|
|November 17||Toronto East||Crowne Plaza Don Valley||Register Now|
|November 18||Toronto West||Crowne Plaza Hotel Toronto Airport||Register Now|
|November 19||Calgary||Carriage House Inn||Register Now|
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|November 21||Edmonton||Four Points by Sheraton Edmonton South||Register Now|