It’s been a good week for the Canadian economy. Manufacturers posted a surprisingly strong jump in sales. Looking further out, there were some hopeful signs on two of the major downside risks facing exporters.
The border adjustment tax (BAT) embodied in the corporate tax reform plan promoted by House Speaker Ryan looks even less likely to proceed than it did a week ago. Several key Senate Republicans came out in opposition to it. Political pressure is being exerted by US businesses that would be losers due to their import content (retailers and refiners) or the loss of interest deductions (utilities). Markets are putting low odds on its passage, since it would be a huge negative for the currencies of countries with substantial US-bound exports, and instead we’re seeing the C$, for example, gaining ground.
The fundamental job of a trust and estate practitioner is to help individuals and families plan the transfer of their assets across generations. It is a specialized field and not all wealth and investment advisors are equipped to deal with the issues involved competently.
Both accredited members of The Society of Trust and Estate Practitioners (STEP) – you can recognize a member of by the letters ‘TEP’ (Trusts and Estates Practitioner) after their name – Debra and Tom Wooding are uniquely qualified to offer expert advice on a wide range of trust and estate matters.
What follows are just a few of the – often exceptionally sensitive – challenges upon which The Wooding Group is professionally equipped to advise our clients: