The Perils of Joint Tenancy with Children
A recent case decided by the Supreme Court of British Columbia, Eng (Re), demonstrates the risk parents take when adding their children to title to their property in joint tenancy. Adding a child as a joint tenant on…
CRA is looking into Tax Shelters in 2012
The Canada Revenue Agency has issued a News Release stating that they will be putting the assessment of any individual returns on hold that claim a credit by participating in a tax shelter scheme. They warn that starting…