Wealth Matters

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December 17, 2019

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Finance to Recommend Extension of Principal Residence Exemption to Inter Vivos Disability Trusts

Stephen Sweeney

In a comfort letter issued September 4, 2019 by the Tax Policy Branch (the “Comfort Letter”), Finance Canada indicated that they are prepared to recommend to the Minister of Finance that the Income Tax Act[1] be amended to allow an...

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Petrick (Trustee) v Petrick: Another Reminder to Be Careful with Joint Tenancies

Dwight D. Dee

A recent B.C. Supreme Court decision provides another cautionary tale about the use of joint tenancies as part of an estate plan. Family members often think holding assets in a joint tenancy will be an efficient way to devolve property...

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