Friday, August 26, 2016

LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Friday August 26, 2016. Today we are talking about Wills and Estates.

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Ontario’s probate fees are $250 for the first $50,000 of an estate’s value and $15 for each additional $1,000. These fees are properly referred to as Estate Administration Taxes.

These taxes must be paid at the court when an Application is filed for the appointment of an Estate Trustee to administer an estate.
- Garry J. Wise, Toronto
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