Archive for the ‘Probate Tax’ Category

(Un)Certainty with Probate Taxes

Friday, September 2nd, 2011

As someone who counsels executors and administrators I’ve always been comfortable advising that when applying to probate the will or obtain a certificate of appointment of estate trustee without a will they are required to swear an affidavit attesting to the values of the assets caught on their application and ...

Amendments to the Estates Administration Tax Act

Wednesday, July 27th, 2011

In May of 2011 Bill 173, Better Tomorrow for Ontario Act (Budget Measures), 2011, received royal assent. Schedule 14 amended the Estates Administration Tax Act (“EATA”) to give power to the Minister of Revenue to conduct assessments and reassessments of the taxes paid, to create a duty on estate trustees ...

So You Want to Buy a U.S. Vacation Property…

Tuesday, January 4th, 2011

As the thermometer continues to hover around the zero degree mark, many of us who live north of the 49th parallel begin to think about heading south to take up residence in one of the many sunnier climes the United States has to offer.  As the Canadian dollar continues to ...