LAW 660 - Estate Planning

★ 3 (fi 6)(EITHER, 3-0-0)

The general objective is to discuss various legal and ethical tax planning strategies that most Canadians will be able to use during their lifetime to maximize their income and wealth for themselves and their intended beneficiaries. These strategies will be discussed in light of criminal tax offences and civil tax penalties, ethical considerations, the general anti-avoidance rule, and the associated jurisprudence. Specific topics may include: tax planning involving one's home, tax efficient savings strategies (i.e. unregistered savings, RESPs, RRSPs, and TFSAs), tax efficient borrowings, tax planning involving a family business, and gifting. Prerequisite: LAW 504.