Wills & Estates

In a recent move towards enhancing transparency and strengthening tax compliance, the Government of Canada has proposed significant amendments to the Income Tax Act (ITA). Central to these proposed changes are new tax reporting requirements for certain trusts, specifically bare trusts. Understanding Bare Trusts To appreciate these changes, one must first understand what a bare

The digital age has brought about a new concern: what happens to our social media accounts when we pass away? While it might not be something we think about often, it’s essential to understand how different platforms handle deceased users’ accounts and how we can prepare for the inevitable. In this article, we’ll explore the

Drafting a will is a crucial step in ensuring your assets are managed and distributed according to your wishes after your passing. In British Columbia, the Wills, Estates, and Succession Act (WESA) governs the creation, interpretation, and administration of wills. Here are the top 10 reasons why you need a will in British Columbia. 1.