Information About Onyx Law Group

Canada does not have an “inheritance tax” or “death tax,” but that does not mean an inheritance is free of tax consequences. Instead of taxing the inheritance itself, the Canada Revenue Agency (CRA) applies capital gains tax, the deemed disposition rule, and income tax. These regulations can make it … Read more »

A probate fee calculator is a tool that helps estimate the fees an executor must pay to the court when administering a deceased person’s estate. In British Columbia, probate is the legal process by which the court validates a will and authorizes the executor to manage and distribute the estate. Usin … Read more »

Can an executor decide who gets what? In most cases, the answer is no. An executor must follow the will and the law, which means they cannot simply choose who receives the estate’s assets. If you have been given the important role of acting as executor for the estate of a deceased, and you are […] … Read more »

When it comes to the question, who has more power: executor or trustee?, the answer depends on the context, but generally, an executor holds broader authority over the overall estate, while a trustee manages specific trust assets. The Executor is responsible for managing the deceased’s estate, which … Read more »

How to Make a Will in BC? Making a will in British Columbia is an important step to ensure your assets are distributed according to your wishes and your loved ones are cared for after your passing. To make a will in BC, you need to outline how you want your estate divided, appoint an […] Read more »