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The Subway That Took a Generation: Why the Eglinton Crosstown’s Delays Were Even Worse Than You Think

  Toronto has a long history of transit projects that drag on, but the Eglinton Crosstown LRT has become the city’s defining example of how complicated, political, and painfully slow building transit can be. Most people think of the project as something that started in the early 2010s and simply ran over schedule. The truth is far messier—and stretches back decades. A Project With Roots in the 1990s Long before shovels hit the ground in 2011, the idea of rapid transit along Eglinton was already alive. In the mid‑1990s, the TTC began digging tunnels for what was then called the Eglinton West Subway . Construction actually started—tunnels were being carved out under the street—until the project was abruptly cancelled in 1995. The partially built tunnels were filled in, and the corridor sat untouched for years. That early false start meant that by the time the Crosstown was revived as part of the Transit City plan in 2007, planners weren’t starting fresh. They were restarting a dr...
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How a Family Trust Can Benefit You and Your Loved Ones

 

A family trust is a legal arrangement that allows you to transfer your assets to a trust, which is then managed by one or more trustees for the benefit of your family members. A family trust can offer several advantages for your estate planning, tax planning, and asset protection. Here are some of the main benefits of setting up a family trust:

  • Reduce taxes: By transferring your assets to a family trust, you can avoid or minimize the taxes that would otherwise be payable on your death, such as probate fees, income tax, and capital gains tax. You can also use a family trust to split income among your family members who are in lower tax brackets, reducing your overall tax liability.
  • Protect assets: A family trust can help you protect your assets from creditors, lawsuits, or family disputes. Since the assets in the trust are no longer owned by you, they are generally not subject to claims from third parties. A family trust can also prevent your assets from being misused or wasted by irresponsible or inexperienced beneficiaries, as the trustees have the discretion and authority to manage and distribute the assets according to your wishes.
  • Preserve legacy: A family trust can help you preserve your family wealth and values for future generations. You can use a family trust to provide for your spouse, children, grandchildren, or other relatives, as well as to support charitable causes that are important to you. You can also use a family trust to ensure that your assets are used for specific purposes, such as education, health care, or business ventures.

Setting up a family trust requires careful planning and professional advice. You need to consider the type of trust, the trust agreement, the trustees, the beneficiaries, the assets, and the tax implications. You also need to review and update your trust regularly to ensure that it reflects your current situation and goals. A family trust can be a powerful tool for your financial and estate planning, but it is not a one-size-fits-all solution. To find out if a family trust is right for you, consult a qualified lawyer or financial advisor.

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