Category Archives: Featured

CHARITABLE GIVING Planned or charitable giving is a unique opportunity to “have your cake and eat it too”. A gift to a charitable organization can help you take full advantage of incentives offered by governments as it relates to estate … Continue reading →

HOME OIL TANK REGULATIONS YOU NEED TO KNOW New requirements for the installation and inspection of fuel oil tanks (above and below ground) were introduced by the Technical Standards and Safety Authority (TSSA) in October 2001 to reduce the number … Continue reading →

ESTATE LITIGATION AND LIMITATION PERIODS In Ontario, there is a general two-year limitation period in which a person can bring a claim in court on a civil matter. Whether or not this limitation period applies to estate matters can be … Continue reading →

BASECAMP PROJECT MANAGEMENT BRILLIANCE Basecamp is a web-based project management tool that was created in 2004 by 37 Signals. Utilizing Basecamp in a legal setting offers many unique opportunities. The one that really excites us at Gilmore and Gilmore is … Continue reading →

BANK OF CANADA – DORMANT ACCOUNTS If a bank account is not used for a prescribed period of time, the dormant account is transferred to the Bank of Canada. If you want to determine whether or not there are dormant … Continue reading →

FORMAL EXECUTION OF A WILL There are specific requirements in Ontario, set out in legislation called the Succession Law Reform Act (SLRA), that govern how a Will is to be executed in order to make it valid. These requirements are … Continue reading →

ODSP AND INHERITANCE How will an inheritance impact your income support from ODSP? Any money, property or possessions that you receive can affect your eligibility for, or the amount of money you receive from, Ontario Disability Support Program. This includes … Continue reading →

BEQUEATHING A FARM IN YOUR WILL The transfer of farmland, by sale, gift or other form of transfer, is generally subject to HST unless it falls into one of the exemptions found in Schedule V of the Excise Tax Act. … Continue reading →

FORCING ACCOUNTS Executors of an estate are required to disclose the value of an estate and to document as well as explain the accounting of the estate to all beneficiaries. Beneficiaries of an estate often complain that they are not … Continue reading →

CAPITAL GAINS ARE HANDLED DIFFERENTLY WITH FARMLAND When an individual dies any farmland they own is treated differently than land containing that individual’s principle residence. On the death of a taxpayer, farmland can be transferred (sold) on a rollover basis … Continue reading →