Issues Regarding Trusts, Wills, Estates and Charities

Income-splitting loans

The Canada Revenue Agency has announced the 2009 second quarter prescribed interest rate used to calculate taxable benefits for employees and shareholders for interest-free and low-interest loans would be 1%. With this the lowest historical prescribed rate ever, many clients may be candidates for an income-splitting structure using non-arm's-length loans. For a discussion of these issues, click to see our bulletin on Income-Splitting Loans.

Enforcing charitable pledges and restricted charitable gifts in recessionary times: pitfalls and possibilities

As the economic horizon darkens, both charities and donors may become increasingly concerned with the enforceability of restricted charitable gifts and charitable pledges. For a discussion of these issues, click to see our bulletin on Enforcing Charitable Pledges and Restricted Charitable Gifts in Recessionary Times: Pitfalls and Possibilities.