- 04:00 PM

Update on Probate Planning: New Reporting Requirements for Bare Trusts

CPD for Lawyers: 1 Substantive Hour


Transferring legal title of Ontario real estate to a bare trust corporation is a common probate planning technique for property owners. In combination with the use of multiple wills, this planning avoids the Estate Administration Tax (commonly referred to as “probate fees”) that would otherwise be payable on the owner’s death. While bare trusts continue to be effective for avoiding probate fees, individuals considering this planning should be aware of the increased administrative burden of bare trust planning.

Topics Include:

  • Overview of Bare Trust Planning
  • New Filing/Reporting Requirements for Bare Trusts
    • Underused Housing Tax Act
    • New Trust Reporting Rules
  • Alternatives to Bare Trust Planning
    • Joint Ownership
    • Alter Ego and Joint Partner/Spousal Trusts
  • Benefits of Obtaining Probate

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For information regarding our webinars and communications, please contact:
Adrian Babrikels Munoz | | 416.863.1500 x2541