Archive for the ‘Wills’ Category

Protecting More Than Just The Single Mother

Tuesday, April 7th, 2015

The stay-at-home mum/wife may not be as common as she once was but she is still out there along with other women who maintain outside employment. When the spouse of such a woman dies, the court, empowered by the Succession Law Reform Act, has often exercised its discretion to ensure ...

MROZ V. MROZ: A RECENT CASE FROM THE COURT OF APPEAL ON JOINT OWNERSHIP

Tuesday, March 31st, 2015

The week before last, the Ontario Court of Appeal released its decision in Mroz v. Mroz, 2015 ONCA 171, The case involved a terminally ill mother, Kay, who in 2004 transferred legal title to her home and sole significant asset into joint tenancy with her daughter, Helen. Contemporaneous with the transfer, ...

DECEASED RRSP TRANSFER TO SPOUSE: ESTATE TAX NOT AVOIDED ON A TECHNICALITY

Tuesday, March 24th, 2015

A couple of years ago, a fellow blogger wrote about the tax reporting and liability technicalities surrounding the transfer of RRSP’s on death to a spouse. As he wrote, the general rule is that upon death, the annuitant is deemed to have received the fair market value of the assets in ...