Archive for the ‘Executors’ Category

Can an executor act as a witness to a Will?

Friday, June 24th, 2016

Two witnesses are sometimes hard to find. In a pinch, could an individual who is appointed as an executor under a Will act as a witness to that Will? In Ontario, the rules governing the formalities of Wills, including the eligibility of witnesses, are set out in the Succession Law Reform ...

Principal residence exemption – renting to a child

Tuesday, June 21st, 2016

The Canada Revenue Agency (CRA) was asked if a taxpayer's property designated as his "principal residence" but rented and lived in by his son continued to qualify as his "principal residence" for the purpose of claiming a principal residence exemption to shelter a gain from personal tax. The taxpayer owned the ...