Our attorneys specializing in trusts may assist you in establishing an alter ego trust or a joint partner trust. To ensure the trust is tax-efficient and advantageous to you, a tax lawyer provides independent guidance. About: Inter vivos trusts like alter ego and joint partner trusts allow you to transfer assets throughout your lifetime. After it’s set up, you’ll have…
As a general rule, any profits from the sale of a capital asset, such as real estate, are subject to taxation in the hands of the seller. The exemption that applies to the sale of a person’s primary residence from this capital gains tax is one that is often used by Canadians. This blog summarizes how recent adjustments to taxes…