Archive for the ‘Estate Administration’ Category

principal residence exemption and excess land

Tuesday, May 21st, 2013

Sometime ago I wrote about the availability of the principal residence exemption to trusts for example a cottage trust under certain circumstances. Did you know there is a limit to how much land you can include in a principal residence exemption? Normally an exemption would include land of ...

Vincent v. Blake, Cassels & Graydon LLP

Wednesday, May 15th, 2013

In the case of Vincent v. Blake, Cassels & Graydon LLP the defendants brought a motion for summary judgment on the basis they did not owe a duty of care to the plaintiff therefore there was no genuine issue requiring a trial. This case is quite complicated; however, the basic facts ...

JOINT SPOUSAL TRUSTS AND LEGAL DIVORCE

Friday, May 10th, 2013

Mr M has settled an irrevocable trust which qualifies as a joint spousal trust (or common-law partner trusts) pursuant to the applicable sections of the Income Tax Act governing trusts. The main beneficiaries of the trust are Mr. M and Mrs. W, both of whom are Canadian residents. The trust ...