There was a recent in Ontario Superior Court in which the Judge ruled that the use of multiple wills to reduce Estate Administration Tax (probate fees) may be invalid. This decision in the Milne Estate case is under appeal but we are advising our clients to address this matter with their lawyers on a timely basis.
to see an article explaining this situation.
For more information, feel free to contact:
Jerry Paskowitz, CPA, CA, CMC, is a Partner with Sloan Partners with over 30 years’ experience in all tax and financial matters. Get in touch with Jerry by email or phone 416-649-7702 for an appointment to discuss tax savings opportunities and financial strategy for your business.
Shawn Bausch, CPA (CA), is a tax manager at Sloan Group. Get in touch with Shawn by email or call 416-665-7735 (ext. 335) for all of your tax planning needs.