Presentation on Alter Ego and Joint Partner Trusts

Today, Stern Cohen Tax Specialist Joe Gervasi presented to Canadian Tax Specialists (from JHI) on Alter Ego and Joint Partner Trusts. These living trusts will be employed more frequently in Canada once the current income tax advantage afforded to testamentary trusts is eliminated (in 2016).  Joe emphasized that the recent changes to Ontario’s Estate Administration Tax Act will result in more onerous reporting obligations reducing privacy and leading to the elimination of the multiple Wills strategy currently employed by many to save on probate fees.

For more information about Estate and Tax Planning, and to determine whether your existing Estate Administration is still compliant and advantageous, contact a Tax Specialist at Stern Cohen.