Beneficial ownership of a principal residence for tax purposes: A question of Law and Fact

Friday, November 14th, 2014

Let’s say, your parents place legal title of their house in your name for health reasons. However, your parents continue to reside in the house and pay all the household expenses. Then your mom passes away. Your dad continues to reside in the house until sometime later at which ...

Relief From Uncle Sam

Thursday, November 13th, 2014

Uncle Sam has given US taxpayers living in Canada some relief when it comes to holding interests in RRSPs or RRIFs. Prior to the October 7, 2014 IRS announcement, US income tax would be payable by a US citizen or resident alien on income accruing in an RRSP or RRIF, even ...

LEAVING QUEBEC? DON’T FORGET TO PACK YOUR NOTARIAL WILL

Tuesday, October 28th, 2014

The recent case of Morton v. Christian is a reminder to Quebec residents - if you execute a notarial Will, you need to appreciate the manner in which the notarial Will can be revoked. Notarial Wills stem from the Quebec Civil Code. They are executed before a notary, who then registers ...