What happens if a donor makes a gift to a registered charity, receives an official donation receipt, but the tax credit claimed by the donor is later disallowed by the Canada Revenue Agency? Is there any way for the donor to then withdraw the gift to the charity? In Neville v. National Foundation for Christian… View this post »
All posts in the ‘Gifts’ category
Severance of joint tenancy
People often own property in some form of co-ownership with another person. The most common situation is a husband and wife, although there can be a number of reasons why persons who are family members or investors register their names together on title. This can sometimes create major legal and financial issues. There are different forms… View this post »
What If a Gift in a Will No Longer Exists?
What happens if a specific gift you were promised under a will no longer exists at the time of the testator’s death? The short answer is the missing gift fails, and you may have no claim to an equivalent benefit from the estate. For example, if your father left you his Honda in his will… View this post »