Archive for the ‘Joint Tenancy’ Category

Principal residence and Co-Ownership

Thursday, October 1st, 2015

The Canada Revenue Agency (CRA) was asked to comment on several scenarios involving the sale and deemed sale of a property co-owned by a couple. Two common-law partners, A and B, purchased a condo as a principal residence. When A renewed the mortgage debt on the condo, B's name was ...

Tenants in Common – A Difficult Sell

Wednesday, September 23rd, 2015

Jointly held assets are the bread and butter of estates litigators – despite the many good reasons for putting an asset into joint ownership, disputes are rarely far behind. Most often, it is assets held in joint tenancy that lead to problems (the most common disagreement being whether the survivor ...