Wealth Matters

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May 18, 2023

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Succession and the kinless Canadian: General estate planning considerations – Part 1

Stephen Hsia, Honor Lay

More Canadians are living by themselves now than ever before. In 1981, 1.7 million Canadians lived alone.[1] In 2021, this number rose to 4.4 million.[2] Today, single Canadian households make up 29 per cent of households countrywide.[3] Contrary to what...

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Widow found to be “spouse” for purposes of section 160(1)(a) of the Income Tax Act

Nicole Cianci, Maddi Thomas

The Tax Court of Canada recently considered whether the term “spouse” in section 160(1)(a) of the Income Tax Act[1] [“ITA”] includes a widow(er) of a transferor tax debtor in Enns v. The King, 2023 TCC 28. Section 160 permits the...

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