Joint Ownership: The Good, The Bad and The Ugly

We are often asked about holding investment accounts in joint names. Our response isn't always simple. We chose to feature this topic on page four in our Q3 Perspectives Newsletter Joint Ownership: The Good, The Bad and The Ugly to address what's on many investors' minds today.

Joint ownership occurs when an asset is owned by more than one person. There are several forms of joint tenancy. We discuss the nuances of each. Whether considering a joint account between spouses or between parents and children, there can be benefits and there can be adverse consequences in transferring assets.

It is a complex topic with many considerations. We always recommend seeking the counsel of legal and tax advisors before making any changes. Let's explore your situation together and ensure you are well informed before making any decisions around joint tenancy.

Very best regards,
CIBC Wood Gundy



Smith Falconer Financial Group