The new trust reporting rules’ potential impact on internal charitable trusts, endowments, and donor advised funds
The Canada Revenue Agency has clarified on November 10, 2023 that charities are not required to file T3 information returns for internal trusts. Please see our November 10, 2023 Social Impact Newsletter article for more information. Introduction We have previously […]
Dons de bienfaisance par voie testament et successions assujetties à l’imposition à taux progressifs : Le point
Formes de dons de bienfaisance par voie testamentaire Les dons de bienfaisance effectués par l’entremise de testaments peuvent se présenter sous plusieurs formes : legs direct, don de la totalité ou d’une partie du reliquat de la succession, legs conditionnel au […]
Elena Hoffstein featured on RBC’s « Matters Beyond Wealth » podcast
RBC Matters Beyond Wealth Podcast
Elena Hoffstein is the featured guest on the December 7th, 2022 episode of RBC’s « Matters beyond Wealth » podcast. Speaking about « »Are Trusts Dead? », Elena outlines the top three reasons that clients should consider trusts as part of their estate planning, […]
Elena Hoffstein and Stephen Hsia write on the laws governing gifts by will
The Philanthropist, "The laws governing gifts by will – and the pressures they put on executors"
In this article, Elena Hoffstein and Stephen Hsia propose that extending the window for executors to make a testamentary gift to charity could unlock more giving to the charitable sector: Executors have 60 months from a donor’s death to make […]
Dynamique familiale : un élément à ne pas négliger pour réussir sa planification successorale
Introduction Grâce à un plan successoral bien exécuté, il est possible de transférer un patrimoine d’une génération à l’autre d’une manière fiscalement avantageuse et sans conflit. Lors du processus de planification, il est très important de tenir compte des nombreux pièges […]
Key considerations for gift agreements
It is not necessary to have a gift agreement in order to make a gift. However, it is important for charitable gifts and charitable pledges made by donors to charities be documented. A gift agreement provides evidence that a gift […]
M. Elena Hoffstein co-authors 2nd edition of Charitable Giving in Canada
M. Elena Hoffstein is the co-author of Charitable Giving in Canada (2nd edition), released in 2021 by Thomson Reuters. Charitable Giving in Canada provides a comprehensive but practical tool to assist professional advisors, charities, corporations and individuals who wish to […]
CRA’s views on charitable remainder trusts
Introduction Charitable remainder trusts have been popular in the U.S. for some time but not as widely used in Canada as a result of differences in our tax regime. A charitable remainder trust involves an individual who wishes to make […]
Passing on the family cottage
For many families, a summer or winter home or cottage is one of their most treasured assets. Most cottage owners want the cottage to stay in the family for generations. However, this requires significant thought and planning. Families need to […]
Gel successoral : L’heure est venue
En raison de la pandémie de la COVID-19, plus de la moitié de la population mondiale vit dans une forme d’auto-isolement. Les directives des gouvernements provinciaux et territoriaux restreignent comme il se doit l’activité commerciale et sociale dans tout le […]
