In the realm of estate management, the executor's role transcends mere administrative tasks; it is about upholding a family’s financial legacy through prudent tax planning and foresight. At Shajani, we specialize in steering high-net-worth families and their family-owned enterprises through…
Introduction Trusts are a powerful tool in financial planning, offering a strategic way to manage and protect assets, provide for beneficiaries, and optimize tax obligations. At Shajani CPA, our expertise in trusts is unmatched. With our team's impressive credentials, including…
Estate planning is an essential process that involves making plans for the transfer of your estate after death. It's a crucial step in managing your financial future and ensuring that your assets are distributed according to your wishes. In this…
As a Chartered Professional Accountant with a Trust and Estate Practitioner (TEP) designation, and advanced legal qualifications in tax law (LL.M) and law (LL.B), I have a multifaceted perspective on estate planning. One critical aspect often overlooked is the tax…
For high-net-worth individuals and families running family-owned enterprises, managing wealth and legacy involves not just strategic business decisions but also astute compliance with evolving tax regulations. The recent changes in Canada's trust reporting rules necessitate a proactive approach to ensure…
As a Chartered Professional Accountant with a Trust and Estate Practitioner (TEP) designation, an LL.M in Tax Law, and an LL.B, my expertise extends beyond traditional financial advising. At Shajani CPA, we recognize the critical importance of comprehensive life planning,…
In an era where an increasing number of Canadians require assistance in managing their financial affairs due to aging or other factors, understanding the nuances of a Power of Attorney (PoA) for property becomes crucial. At Shajani CPA, with our…
A trust allows you to separate control and management of assets from its owners. This separation allows for distinct advantages that will result from the details contained within the trust deed. There are several types of trusts and legal scholars…
There is still a window of opportunity for tax savings when transferring a business to a corporation owned by your child or grandchild and being allowed to claim the lifetime capital gains exemption before amendments are proposed to Bill C-208.…
By Nizam Shajani, CPA, CA, MBA Obtaining a grant of probate may be a necessary part of administering the will of an estate. The authority of the executor (“Personal Representative” in Alberta) appointed under a will arises immediately upon the…