Blog

Erin O'Brien Edmonds of Arcus Legal celebrating 40 years in the practice of law.

Our team at Arcus Legal congratulates Erin O’Brien Edmonds, KC, TEP on an impressive 40 years in the practice of law.

Throughout her illustrious career, Erin has established herself as a leading expert in Real Estate and Wills & Estates, earning numerous accolades and the respect of her peers and clients alike.

Find us on Facebook | LinkedIn

Graphic of Maple leaf and text reading "Happy Canada Day" with Arcus Legal label

Arcus Legal will be closed on Monday, July 1st in honour of Canada Day.

We will be back open as usual on Tuesday, July 2nd.

Arcus Legal depicts a family of three carrying travel bags and travel documents emigrating from Canada who have had to consider the tax implications of emigration.

Article by Johann Du Plessis, BComm, LLB, LLM (Tax)

Considering a move away from Canada? The tax implications are crucial to understand. Emigrating from Canada involves navigating complex tax rules that can significantly impact your financial planning.

 

We have been asked several times after the 2024 federal budget what the tax implications of emigrating from Canada will be. We do not specialize in emigration but decided to give a brief description to our clients of issues to consider. When a Canadian resident decides to emigrate, they are subject to certain tax implications that can significantly affect their financial planning. The primary consideration is the “departure tax,” which operates under the assumption that the individual has disposed of their property at its fair market value on the day they leave Canada.… [Read more]

Arcus Legal offices will be closed Monday, May 20th for Victoria Day.

We will be back open as usual Tuesday, May 21st.

arcus-legal-blog-arcus-legal-team-celebrating-administrative-professionals-day-april-24-2024tax-implications-for-a-canadian-family-emigrating-from-canada

Today we celebrate Administrative Professionals Day. We want to thank all of those who play an integral role in the workplace everyday. Because of everything you do, we can go #FurtherTogether

arcus-legal-blog-arcus-legal-has-an-important-update-for-clients-in-nova-scotia-regarding-capital-gains-inclusion-rate

The recent Federal Budget announcement made on April 16th, 2024, introduces significant changes to the capital gains inclusion rate, set to impact corporations, trusts, and individual investors.

Effective from June 24th, 2024:

  • Corporations and trusts will see the capital gains inclusion rate rise from 1/2 to 2/3 for all dispositions.
  • Individuals will also be subject to a 2/3 inclusion rate on capital gains that exceed $250,000 annually.

It’s crucial to plan ahead with these changes in mind. For personalized advice on how this may affect your financial and tax strategies, do not hesitate to reach out to our team.… [Read more]

arcus-legal-blog-arcus-legal-explain-what-a-hendson-trust-is-and-its-benifits

Article by Gregg W. Knudsen, TEP

A Henson Trust is a type of trust established primarily for the benefit of individuals with disabilities, particularly those who qualify to receive government benefits. The key feature of a Henson Trust is that it is designed to protect the assets held within the trust from being considered as assets of the beneficiary for the purpose of determining eligibility for these government assistance programs. The disability can be mental or physical. The term Henson Trust is named after the successful litigant in a landmark Ontario case. In Henson v. Ontario, the Ontario courts found that certain assets held inside of a fully discretionary trust are not to be considered in an assessment for benefits under a means-based government assistance scheme.… [Read more]

arcus-legal-blog-the-halifax-lawyers-of-arcus-legal-wearing-pink-shirts-in-support-of-anti-bullying-pink-shirt-day

Across Canada on the last Wednesday of February, Pink Shirt Day is celebrated. To show our support for the Anti-Bullying movement Pink Shirt Day represents, the Arcus staff and Lucy the dog are wearing pink shirts.

With kindness we can go #FurtherTogether

To learn more and to donate visit: www.pinkshirtday.ca

 

arcus-legal-blog-arcus-legal-commemorates-william-hall-on-nova-scotia-heritage-day-2024

Arcus Legal will be closed this Monday, February 19th for Nova Scotia Heritage Day. This year, William Hall, VC has been selected as the 2024 Nova Scotia Heritage Day honouree, celebrating Hall as the first Black person, the first Nova Scotian and the third Canadian to receive the British Empire’s highest award for bravery, the Victoria Cross.

Photo credit to The Canadian Encyclopedia

View this post on our Facebook | LinkedIn

arcus-legal-blog-legal-colleagues-johann-du-plessis-and-maritza-snyman-in-the-arcus-legal-offices-smiling-on-being-granted-canadian-citizenshiphalifax

The Arcus team congratulates our colleagues Johann Du Plessis and Maritza Snyman on officially becoming Canadian citizens!

Share this post on Facebook |LinkedIn