Residency of an Ontario Corporation

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 …

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 …