Through the deemed disposition. Only one property per family per year can claim the principal residence exemption.
The Canadian position
Through the deemed disposition. Only one property per family per year can claim the principal residence exemption.
Provincial law governs the detail, so confirm the position where the estate will be administered.
The Islamic position
The fixed shares apply to the net estate after funeral expenses, debts and any bequest capped at one third.
Where a Canadian instrument has no classical counterpart, treat it as a contemporary question for a qualified scholar.
This is legal information only. For advice on your own circumstances, speak to a lawyer.
Citations & sources
Every factual claim on this page traces to a source below. Details change — check the original source before relying on any figure, fee or legal position. Anything under “further reading” is related material, not a source for what is stated here.
- Principal residence exemption — Canada Revenue Agency
- What to do when someone has died — Canada Revenue Agency
- Income Tax Act, RSC 1985, c 1 (5th Supp) — Justice Laws Canada
- Principal residence exemption trust — Treadstone Law
- 21 year deemed disposition family trust — Treadstone Law
- Twenty one year deemed disposition trust canada ontario — Treadstone Law
- What is deemed disposition on death canada — Treadstone Law
- Wills & estates practice — Treadstone Law