Intergenerational Business Transfers
Billions in Canadian farming assets are set to transition in the next decade. Business succession planning should be top of mind for all food and agribusiness owners.
Jared PilonJuly 26, 2023 | View Post
Unequal Treatment & Blended Families
Parents may add a child as joint owner on an asset to save probate fees. If this is done with a right of survivorship and the child is noted as a true joint owner, the child will receive the asset upon passing of the parent.
Jared PilonJanuary 16, 2023 | View Post
Loss of Control & Creditor Exposure
When you add a joint owner to an asset, you give up control of this asset. This results in a hindrance in the process of mortgaging or selling the property in comparison to when you were the sole owner.
Jared PilonJanuary 16, 2023 | View Post
Family Law & Family Property
When considering adding a joint owner to one of your assets, care should be taken as jointly owned property with someone else (a child) could be exposed to family property claims if that person separates or divorces.
Jared PilonJanuary 16, 2023 | View Post
Year End Personal Tax Planning Tips
As another year ends, it is important to review your finances and see if there are ways to improve your tax position heading into the new year.
Jared PilonDecember 23, 2022 | View Post
