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Estate & Succession Planning

Is Your Business Sellable?

Trevor Hood on April 16, 2014 in Advice for Business Owners

A recent case study on Toronto’s Elixir Organic Spa reveals the challenges of finding buyers in an unpredictable economy.

Tips on Retirement Investment Plans

John Chisholm on November 28, 2012 in Advice for Business Owners

By the time entrepreneurs have processed all their facts and figures and responsibilities, they are often tempted to postpone any personal investments, preferring instead to depend on their business equity to finance their retirement. This isn’t always the best course of action. A recent TD Canada Trust poll indicated that most small business owners in … Continued

U.S. Estate Tax - Important

Richard Weber on November 7, 2012 in Construction & Real Estate

A U.S. estate tax return must be filed if a deceased Canadian resident who is not an American citizen owned U.S. situated assets exceeding $60,000 fair market value at death.  If the deceased made substantial lifetime gifts of U.S. property, a U.S. estate tax return may be required even if the U.S. assets do not … Continued

Welcome News for Canadians Who Own U.S. Property

Richard Weber on February 2, 2011 in Estate & Succession Planning

The U.S. imposes a federal tax on the taxable estate of a decedent who was not a U.S. citizen or domiciliary for transfers of U.S. real property upon death. In 2010, there was no U.S. estate tax and as of January 1, 2011 the U.S. estate tax was to have been reinstated in accordance with … Continued

How to Reduce Probate Fees

Richard Weber on July 21, 2010 in Estate & Succession Planning

What is probate? Probate fees are the fees charged by provincial governments to probate your Will when settling your estate. Probating your Will is the process of having your Will authenticated and also of confirming the appointment of an executor for your Will. The cost of probate Probate fees are highest in Ontario at $5 … Continued