Proposed Changes to Testamentary Trust Taxation may have Significant Tax Implications
October 24, 2013
In the last few decades, Canadians with high incomes have relied on using testamentary trusts as a part of their will to help themselves and their beneficiaries minimize their tax burden. However, based on the Canadian Government’s proposal to eliminate tax benefits that arise from taxing trusts and certain estates at graduated rates, individuals who...
