Divorce and the Family Cottage: Will You Lose it?

Are some of your fondest memories from the summers you spent at your family’s cottage? If you’re going through a divorce, you might be worried you’ll lose access to it forever. Read on to learn about how Ontario’s divorce laws treat cottages and recreational properties and what that means to you. The Matrimonial Home Ontario law recognizes the matrimonial home as a...

Trust issues and NFP

If a person has an interest in a Trust does it form part of their NFP? To recap, 1n 1994, John White did an estate freeze. The result of the freeze was that he held $300,001 Class A preferred shares, with a fixed value of $1.00 each, in John White Family Holdings Ltd., and the John and Ann White Family Trust held ten common shares in Holdings. Holdings, in turn, held 100 common shares of the...