Author Archives: Yisroel Sandel

No one is ever prepared for the loss of a spouse or family member. Death changes everything for those left behind. Whether death comes suddenly or after a long illness, the family’s grief can be overwhelming. Proper Estate Planning can simplify complex issues for your beneficiaries. Planning ahead can reduce family strain and worry, not […]

If you’re a business owner, your business deserve protection , insurance can provide that security in a number of ways that may surprise you. It can also provide opportunity to help build assets in a tax-effective way for your retirement or estate plan. The Purchase of Shares If you have one or more shareholders in […]

If you commit to doing the following, each and every day, you will quickly be a lot more successful: 1. Walk away from gossip. Gossip is often hard to resist. Gossip also diminishes everyone involved. Shift the conversation. Or walk away. Sure you’ll be different. But that’s okay; do you want to be like the […]

Here is an article from Manulife Financial on the discussion paper released by CRA on July 18th. It addresses the taxation of passive investment income in a CCPC. As Manulife puts it, this may be the most philosophically contentious part of the discussion paper. I will let you read and decide for yourself to see […]

An LI Share is typically a non-voting preferred share. LI Shares are a great tool for reducing Capital Gains Tax that arises on the death of a common stock shareholder. They are also commonly used for estate equalization purposes. Most of the demand for LI Shares is being driven by specialized accountants and lawyers who […]

U.S. citizens, are subject to U.S. estate tax on the fair market value of their worldwide assets on death. For 2016, the U.S. estate tax applies on the value of taxable estates in excess of U.S. $5,900,000 at a rate of 40%. It is also known that Canadians with U.S. vacation properties, commercial real estate […]

Thinking about handing over the reins to your business? These considerations will help you create an effective and tax-efficient succession plan. There are many benefits to being your own boss, both while you’re running your business and when you’re ready to step back from it. Because you’re in charge, you may have greater flexibility around […]

Thinking about handing over the reins to your business? These considerations will help you create an effective and tax-efficient succession plan. There are many benefits to being your own boss, both while you’re running your business and when you’re ready to step back from it. Because you’re in charge, you may have greater flexibility around […]

They’re called the “accumulation years,” the 20, 30 or 40 years we work and earn money. During this time we buy a home, own a small business, volunteer, donate to charities, dabble in stocks, buy life insurance. Whatever our assets and interests, we want them protected and passed down to good hands. The solution is […]

When you’re newly widowed, you need to think clearly and make good decisions in the midst of your grief. This checklist can help you get through it. Whether it’s a sudden loss or the result of a long illness, the death of your spouse is emotionally devastating and you will need time to grieve. However, […]