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Stay current with the latest news and views from Courthouse Libraries BC.
  • Clauses for a qualified disability trust?

    by Tracy McLean | Mar 02, 2017
    Over the past few weeks, we've been asked for clauses for a new type of testamentary trust for individuals with disabilities.   We discovered that it is actually called a qualified disability trust (QDT).  

    According to the CRA, a qualified disability trust for a taxation year is a testamentary trust that arose on the death of a particular individual, that jointly elects, with one or more beneficiaries under the trust, in its T3 return of income for the year to be a qualified disability trust for the year.

    Basically, this allows certain trusts that are created for the benefit of a person with a disability to have access to graduated rates of taxation.

    The change to section 122 of the Income Tax Act, RSC 1985, c. 1, 5th Supp., was brought in by Part I of the Economic Action Plan 2014 Act, No. 2, SC 2014, c. 39, s. 38(2), which came into force upon Royal Assent - December 16, 2014. 

    Despite the amendments coming into force in 2014, the QDTs first apply in the 2016 taxation year. 
     
    We found commentary on the topic in CLE Online, Quicklaw and WestlawNext, but no sample clauses.  Since the QDT's haven't yet been applied, clauses have not been written or published.

    The CLE Practice Manual, Wills and Personal Planning Precedents—An Annotated Guide (available via CLE Online in all Courthouse Libraries), chapter 16.1  states "unfortunately, we feel we do not yet have enough information to understand how the Canada Revenue Agency will view the transition from estate to trust and have not yet developed a precedent to permit the executor to hold an estate for up to 36 months before holding as a trustee. "
     
  • New titles and new editions available from Irwin Law

    by Lesley Dobin | Feb 22, 2017

    Irwin lawAs of Tuesday March 7th, Irwin Law is moving all titles currently available through the Lawyers' Reading Room to Des Libris.

    If you haven't tried it yet, here's a great opportunity to give the new platform a try, by browsing and reading these Irwin Law titles which are only available on Des Libris.

    New Irwin Law titles:

     New editions of old favourites:

    Try Des Libris when you next visit the Reading Room and let us know if you have any questions.

    Phone
    604.660.2841 or 1.800.665.2570

    Email
    librarian@courthouselibrary.ca
  • CLBC Board of Directors Announces New CEO

    by Alan Ross | Feb 14, 2017
    After an extensive cross-Canada search, the Board of Directors of the BC Courthouse Library Society (CLBC) is very pleased to announce the hiring of Mr. Kensi Gounden as the Society’s new Chief Executive Officer to take effect at the end of May 2017. 

    Mr. Gounden will replace Ms. Johanne Blenkin who is departing to pursue new opportunities after 12 years of excellent service to the Society.

    Mr. Gounden joins CLBC from the Law Society of British Columbia where he was a member of the senior leadership team responsible for Standards, Professional Development and Practice Advice.  Mr. Gounden was called to the Bar in 1991.  He worked in a general practice before joining the Law Society in 1998 as a Professional Conduct Lawyer.  Over the next 18 years his responsibilities expanded to include the management of Professional Development, Practice Advice and Practice Standards.  He led task forces which developed the Law Society’s continuing professional development program and created mandatory courses for sole practitioners and small firm lawyers.  He is committed to using the library’s resources to assist lawyers in giving the best quality of service to their clients and to provide better access to justice for individuals.

    Alan Ross
    Chair

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