Archive for the ‘Estate Administration’ Category

Will Drafting Ideas From a Different Perspective

Monday, July 18th, 2016

This Blog was written by Holly Allardyce A Trust Company is the only legal entity that can act as a trustee by holding property in trust for such functions as executors, trustees, and administrators of estates and personal trusts. Here are a few things an estate administrator from a trust company might ...

PRINCIPAL RESIDENCE EXEMPTION AND BENEFICIAL OWNERSHIP – AN UPDATE

Tuesday, July 12th, 2016

We know that if a property qualifies as a principal residence, an exemption can be claimed to reduce or eliminate any capital gain otherwise realized on the disposition of the property. Under the Income Tax Act, one of the requirements for a property to qualify as a taxpayer’s principal ...