Our July Newsletter from our tax team is up here and all about Testamentary Trusts. The 2014 Federal Budget legislated changes to testamentary trusts, which come into effect on January 1, 2016. These include, the elimination of graduated tax rates, changes to the reporting year end, changes to testamentary charitable giving, and other changes.
Please read the newsletter for more details. If you have any questions or feel that this may apply to you, please feel free to contact Jacob Milosek or Jennifer Dawe in our tax department at 613-235-2000.