The residency of an Ontario corporation can become quite complicated. Usually, it will be determined on the basis of the common law rules related to residency. That is usually the …
Matrimonial Home Act Questions and Answers
(Ontario) Here are your questions with some responses: Q. Any property can be designated by both spouses as a matrimonial home by joint registration. A. No Q. All other matrimonial …
Family Law Act Issues with Matrimonial Home Designations (Ontario)
There are a few points to consider here: Only a property which is a matrimonial home may be designated as a matrimonial home, Most properties are not designated whatsoever by …
Loss of Mental Capacity by Sellers
(Ontario) Question: You are the potential Listing Agent and both the husband and the wife (elderly couple) are concerned that the other partner is losing his/her faculties. Answer: Incapacity, incompetency, …
Unities In Joint Tenancy
(Ontario) There four unities in a Joint Tenancy. Unity of Interest: means equal sized units. So, two people half and half, three people, a third each, four people a quarter …
Capital Gains Tax on a Vacant Lot
(Ontario) Question: Does my client have to pay capital gains when he sells the VACANT LOT that he bought two years ago? Answer: Your technical question is whether he has …
Executor and Executrix in Ontario
Question: What is the current status of the terms “executor” and “executrix”? Answer: There have been changes in practice over the years. The term executrix has been dropped since women’s …
Matrimonial Home and Division of Equity (Ontario)
Question: If I owned a home before getting married, then got married then divorced does my ex get half of the value of the home (it could be a matrimonial …
Executing an Agreement using a Power of Attorney in Ontario
Question: How should someone sign who holds a Power of Attorney? Answer: Remember that a POA is a piece of paper, and the person to whom authority was granted is …
Matrimonial Homes and Excluded Property
Ontario Question: Property inherited or received as a gift is excluded under the property family concept. What will be happening if it is lived as a matrimonial home? Answer: Upon …