TOPIC: FAMILY LAW

Question 1: As part of their separation agreement Marty was ordered by the court to pay Ellen $56,000 of the $135,000 in his RRSP. Neither Marty nor Ellen has any unused RRSP contribution room. What are the tax consequences of this direct transfer from Martys RRSP to Ellens RRSP?

Question 2: Steve and Tom are friends (not partners) who own a cottage together. Tom died without a will. What happens to the ownership of the house if they own it as tenants in common?

THANK YOU!!!