Family businesses are built to be passed on. That just got easier and less costly
PHOTO BY GETTY IMAGES/ISTOCKPHOTO The potential savings on wealth transfer taxes with Bill C-208 could amount to as much as $400,000 “Keeping the business in the family” will get a whole lot easier — and a whole lot less costly — when Bill C-208, which received Royal Assent this week, comes into force on January […]
Nova Scotia Decision on Dependents’ Relief Redefines Testator’s ‘Liberty’
The Nova Scotia Supreme Court has ruled that portions of the province’s dependants’ relief legislation, which allow adult independent children to apply for variation of a will because it provides inadequate maintenance and support, are unconstitutional. “The decision expands the scope of the liberty interest protected in s. 7 of the Charter of Rights by recognizing that […]