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When Gianna died, she owned a home with her husband as joint tenants with rights of survivorship. The house was valued at $425,000 and is
When Gianna died, she owned a home with her husband as joint tenants with rights of survivorship. The house was valued at $425,000 and is mortgage free. She also owned a cottage herself worth $300,000,$130,000 registered RRSPs (payable to the estate) and $75,000 non-registered Canadian Savings Bonds. She owed $35,000 on two personal lines of credit and owed $50,000 in a mortgage on her cottage. In Ontario, what would the probate value of Gianna's assets have been? (2pts) $420,000 $425,000 $455,000 $505,000
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