Spousal rollover denied
74.4(4) Exception Inapplicable
256(6) and Indemnities
Diverted funds
Neal Armstrong has written a wonderfully sarcastic case comment on Dimane Enterprises Ltd. v R, 2014 TCC 334.
Spousal trust issues
Colleen Ma, in Canadian Tax Focus 4:3 (August, 2014) summarizes some issues with spousal trusts:
Trusts in family law
Thanks to Joel Campagna at Manulife Financial for drawing my attention to Spencer v Riesberry, 2012 ONCA 418, in which the Court of Appeal held that a wife did not have an “interest” in a family home for the purposes of the Family Law Act (Ontario) because the home was held in a trust settled by the wife’s mother of which the wife was merely a contingent beneficiary and co-trustee.
Garron dismissed
Goodwill and estate planning
Mark Brohman at Durward Jones Barkwell was kind enough to send to me a reminder in the form of a technical interpretation of a very important fact about goodwill and estate planning.