The legislation also covered changes to RRSP and RRIF reporting, charity disbursements and more
Clients may have bare trust arrangements without being aware of them
Several proposals from Budget 2021 were also included in the draft legislation
Expanded trust reporting requirements announced four years ago were set to be effective, but feds still haven't passed legislation to enable them
Complex relationships are increasing the risk of litigation
New rule changes will pierce the privacy enjoyed by trusts that hold family cottages and other assets
Consider this strategy for business-owner clients who have whole life insurance
New disclosure rules come into effect in the 2021 tax year
The new division will be named Raymond James Trust (Canada)
Frohnsdorf succeeds the retiring Scott Scobie