DISPOSITION OF JOINT ACCOUNTS: THE LEGAL DOG WAGS THE TAX TAIL?

Wednesday, July 29th, 2015

In past blogs, my fellow contributors have written extensively about the legal and tax implications of joint accounts created primarily to avoid probate fees, but often leading to unintended consequences without the appropriate planning. Recently the Canada Revenue Agency (“CRA”) was asked to comment on the tax implications of the disposition ...

LawPRO asks “do you ever wonder what happens if you die without a will?”

Tuesday, July 14th, 2015

“Learning styles” refers to the theory that individuals differ in how they learn. Many education specialists believe each of us prefers particular learning styles and techniques. Proponents of this theory believe these preferences account for differences in individuals’ learning and that we learn best when taught in a way that ...

Estate of a Deceased Taxpayer and the Principal Residence Exemption

Friday, July 10th, 2015

Mr. Joe lived in a house with his second wife, Mrs. Adele until his death several years ago. The house was transferred to his estate and according to the terms of the trust, Mrs. Adele was provided with the right to occupy the house as long as she desired. ...