Owning a Home Jointly with a Child – More Trouble than it’s Worth?
Margaret O'Sullivan
November 16, 2016
In Ontario, on an application for a Certificate of Appointment, the applicant must pay Ontario Estate Administration Tax (also known as “probate tax”). Probate tax is levied at an approximate rate of 1.5% on the gross value of the estate. Assets passing outside of an estate, such as jointly-owned assets,