Articles & Resources
Acting pursuant to a Power of Attorney? Know your duties and obligations!
A Power of Attorney instrument is a legal document in which a person appoints another person to act on their behalf with respect to their personal, property, and/or financial affairs. There are many reasons why a person might appoint someone to act on their behalf pursuant to a Power of Attorney document. One of the […]
Transferring the Farm to the Kids is Tax Free – Or Not?!
Many farmers are aware that there are “tax rollover” rules in the Income Tax Act (Canada) (the “Act”) that allow for their farmland and shares of their farming corporation to be transferred to their children without tax. However, these rules have many conditions that can catch people by surprise.
Estate Planning – Where there is a will, there is a way…
Putting together a plan for what will happen to your assets on death can sometimes feel like an overwhelming task. There are so many variables to consider: How will my debts be paid? How do I make sure that all my kids are treated fairly? How do I ensure that my farmland will remain in […]
Understanding family property law is key to ensure the family farm remains in the family
Farm succession planning is complex. The transition of the family farm to the next generation raises several questions, including how you ensure the farm remains in the family.
The Builders’ Lien Act: The Basics
A builders’ lien can arise when you supply goods or services in connection with an improvement to real property. Whether you are the supplier of such goods or services, of the owner or financier of the property being improved, it is important to understand your legal rights and responsibilities pursuant to The Builders’ Lien Act […]