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DELTA CREEK FINANCIAL ADVISORS

PLANNING · INSURANCE · INVESTMENTS

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Tel: (647) 693 0037

Tel: (613) 900 8135

18 Coral Cove Crescent, Toronto, Ontario  M3A 1G8
13 William Street, Delta, Ontario  K0E 1G0

Fax: (855) 751 5414

Mutual funds and exempt securities are sold through Portfolio Strategies Corporation. Other products and services are provided through Delta Creek Financial Advisors.  

©2018 BY DELTA CREEK ADVISORS

  • Kevin Wark for Forum Magazine

Is Joint Tenancy a Good Idea For Your Estate Plan?

Updated: Dec 10, 2019


It is increasingly common for an elderly parent to transfer property, such as bank and investment accounts or a personal residence, into joint tenancy with an adult child.

This is often done to avoid probate and probate taxes (a major concern in “high probate tax” provinces such as British Columbia, Ontario, and Nova Scotia).

Let’s consider the legal implications of joint tenancy arrangements, the impact of the presumption of resulting trust, and other issues before advising a client to transfer property into joint tenancy with an adult child

Read more