Pooja Kapoor
Member since: Mar 05, 2015
Published articles: 11
An alter ego trust is a trust created after 1999 by a taxpayer during the taxpayer’s lifetime, but after he or she has attained the age of 65, under which the taxpayer is entitled to receive all of...
Special rules apply to farm or fishing property passing to a beneficiary who is a child, grandchild, or great – grandchild of a deceased person. The definition of a "child" of a taxpayer includes a...
A taxpayer’s PA is meant to reflect the amounts of benefits accruing to a taxpayer under employer – sponsored RPPs and DPSPs of which the taxpayer is a member. For DPSPs, the PA is basically the...
An RDSP permits parents to contribute funds to a plan to provide for the future expenses of disabled children, and allows the older disabled and their families (and other) to contribute to a plan for...
Registered education savings plans originated as tax – splitting device, but have been taken over and regularized by a series of government revisions into an incentive program to encourage individuals...
The Canada education savings grant program, announced in the 1998 federal budget, I intended to create a further incentive for taxpayers to save through RESPsby providing a direct federal grant to any...
If the testator plans to make large charitable donations from his/her estate, tit may be advisable to receive professional advice beforehand, as there are a number of taxes – planning opportunities...
The LLP is a program that allows eligible individuals to make tax – free withdrawals from an RRSP to finance full – time education for themselves or their spouses.ELIGIBILITY...
Bill C – 13, which came into force effective March 1,2011, announced the strengthening of anti – avoidance rules to help prevent "aggressive" tax planning strategies, including those that purport to...
A registered retirement income fund provides a further means of deferring taxes by allowing individuals to roll their RRSPs into another deferred income plan. Typically this provides a continuing...
A relatively new investment vehicle, the tax – free savings account (TFSA), has been enacted and became effective in 2009. A TFSA essentially allows the individual to invest up to $5,500 per year for...