Bare trusts are now subject to CRA’s reporting rules
The era of the reportable bare trust has begun. After a series of false starts, the Canada Revenue Agency has confirmed that bare trusts with a 2026 year-end will finally…
Man jailed for POA abuse of common-law partner
Abuse of a POA could cost the perpetrator much more than money – it could also cost them their freedom. In a recent criminal case, Ontario Superior Court Justice Graeme…
Bare trusts exempted from reporting rules…for now
Bare trusts are getting one last reporting reprieve. The Canada Revenue Agency’s recent announcement that it did not expect bare trusts to comply with its general trust reporting requirements for…
Woman ordered to pay legal costs of $27k in fight over mother’s $27k estate
When your legal fees are the same size as the entire estate you’re fighting over, you know something has gone wrong. One of the enduring and recurring lessons that I…
When a mirror will may not be right for you
Mirror wills are among the most common choice for married couples getting their estates in order. The technique sees both partners executing their own, almost identical will, each naming the…
Mother intended to gift daughter $1.7m withdrawn from joint account, court finds
Opening a joint account with your child is not a step to be taken lightly. There are undeniably good estate planning reasons for owning property jointly with a beneficiary, since…
Family business issues complicate administration of mother’s estate
There’s nothing that blurs the lines between personal and corporate property quite like a family business. And when the founders die, leaving behind their feuding children, it only complicates matters…
Court splits POA duties between siblings
When it comes to powers of attorney, many hands often make heavy work, especially when siblings are involved. Considering the immense responsibility that comes with an appointment under a POA,…
Court orders $45k costs after resolving ambiguity caused by father outliving son
Testamentary ambiguity can arise at any time. In an ideal world, we would all make our wills on the day we die, so that every one of the choices we…
91-year-old’s brother ousted as POA after misappropriating funds
Don’t let the power (of attorney) go to your head. Unless they’re in the business of wills and estates, appointees under a power of attorney for property are often surprised…
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