Alter ego trusts and joint partner trusts were introduced in 2001 and have become essential wealth and succession planning tools for Canadians 65 and older. However, a comprehensive update incorporating 20+ years of CRA interpretations, case law, and current planning challenges would be valuable.​

Key Issues to Cover:

• The 65-year age requirement and rollover mechanics under the Income Tax Act

• Subsection 75(2) reversionary trust rule concerns and how to avoid them​

• Loss of LCGE eligibility (unlike spousal trusts)​

• Interaction with the 21-year rule (these trusts are exempted until the settlor's death, then the 21-year clock starts)​

• Provincial probate savings analysis across provinces

• Family law considerations and potential fraudulent conveyance issues​

Presenters:

Raymond M. Loucks, CPA, CA, TEP, FEA

Tranquility Tax Solutions