by James Bowden | Aug 5, 2022 | • Estate planning, • Foundations and trusts; structures to hold, control, protect and manage family wealth
Foreign Private Foundations for Canadians A private foundation is a corporate entity with separate legal personality, but which has no owners, and therefore does not issue shares or other ownership interests. It is established by a founder who contributes initial... by James Bowden | Jul 27, 2022 | • Estate planning, • Tax planning (estate taxes and duties)
International Estate Administration for Canadian executors or beneficiaries The administration of an estate can be a complex and intimidating process at the best of times. If the estate in question has international components to it, the complexity increases and... by James Bowden | Jul 27, 2022 | • Estate planning, • Foundations and trusts; structures to hold, control, protect and manage family wealth, • Living will, • The will or testament
A Matter of Some Discretion: Controlling your Trust Two common reasons for the use of trusts in estate planning are to achieve tax efficiencies and to protect assets from potential creditors and claims. These are by no means the only reasons that trusts are utilized,... by James Bowden | Jul 27, 2022 | • Estate planning
Choosing the Right Offshore Jurisdiction Wealth and estate planning that make use of so-called offshore trust structures are popular. Such structures are useful for many reasons, including to support individuals and families who are seeking a change in residency, and... by James Bowden | Jul 27, 2022 | • Emigration and Immigration, • Estate planning, • Tax planning (estate taxes and duties), • Tax planning (personal income tax)
Tax-Driven Changes in Residency for Canadians For those with sufficient assets, tax-driven relocations and changes in residency have become commonplace. They began to occur in earnest in the 1990s and have increased in popularity ever since. In the past 1-2 years in... by Lorne Saltman | Jan 20, 2021 | • Estate planning, • Family Governance and Family Charter, • Residency; consequences, double nationality, cross border estate planning, • Tax planning (estate taxes and duties), • Tax planning (personal income tax)
When you take up residence in another country, have you obtained advice on tax matters both on departure and on any risks of having continuing connections with your former residence? While it is possible with proper planning to minimize tax on expatriation to another... 