Ontario’s 2019 budget successfully proposed eliminating probate tax on estates valued under $50,000 as of Jan. 1, 2020 — thereby kicking off a series of estate law reforms in the province. The Covid-19 pandemic accelerated the pace of change, with permanent virtual will witnessing just one of the reforms that was enacted.
October 28, 2021Experts divided over whether streamlined application forms will make applying easier
Bill 245 has received royal assent, which also means that Ontario is a substantive compliance province and virtual will witnessing is permanent
Most Canadian provinces already grant this power to the courts, but some estate experts argue changing the law could lead to unintended consequences
Ontario raised preferential share to $350,000 as of Mar. 1
Bill 245 would also make virtual will witnessing permanent
Small estates can access a simplified probate process
The change is meant to address "perennial" backlog issues
Province considering whether to allow virtual document signing permanently and whether marriage should still revoke a will
Rule change comes in response to Covid-19
The provincial budget proposes to eliminate estate administration tax on estates valued under $50,000
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