Thinking ahead (or thinking to the future)

Trusts can be an effective part of a Canadian tax and estate planning strategy when they are structured for the right circumstances. They can provide flexibility in managing and transferring wealth, asset protection, help facilitate succession planning, and in some situations provide opportunities to manage income and capital gains.

However, trusts are complex tax structures. The tax results depend heavily on the type of trust, the assets involved, the beneficiaries, the timing of transactions, and the specific circumstances of the family or business.

Our approach to trust planning is to look at the overall picture first and then determine whether a trust can provide a meaningful benefit. Some of the services we offer for trust planning:

• Executor and trustee services

• Trust planning

• Filing of T3 trust returns

• Asset protection planning