W1

Question 1

When is estate tax (law) done?

Answer 1

In anticipation of death, divorce/separation and other special circumstances. It creates parameters (what ifs) for specific events.

Question 2

What are the purpose of law?

Answer 2

Standards of acceptable behaviour, Maintaining order in society, Dispute resolution and Protection of fundamental rights.

Question 3

Up to what amount do small claims courts operate?

Answer 3

$75,000

Question 4

Which what approach would you have a panel?

Answer 4

Tribunal

Question 5

What is Canada legal system?

Answer 5

Common law (except Quebec, they use the Civil Law)

Question 6

To what level comes any new area that wasn’t in the constitution? (ex: Airplanes)

Answer 6

Federal, unless stated otherwise

Question 7

Under which level are family and property law?

Answer 7

Provincial

Question 8

Are marriage and divorce federal or provincial?

Answer 8

Federal, they have specific Acts. (custody, child support…)

Question 9

What is the head of the judicial branch?

Answer 9

Supreme Court of Canada

Question 10

Who has the power of creating cities?

Answer 10

Provinces

Question 11

How many federal ridings are in Canada?

Answer 11

338

Question 12

How many senators are in Canada?

Answer 12

105

Question 13

Some exclusive powers of the federal government are:

Answer 13

Public debt, trade and commerce, direct and indirect taxation, currency, bankruptcy, banking, marriage and divorce and patents.

Question 14

Some exclusive powers of the provincial governments are:

Answer 14

Direct taxation with the province, education, healthcare, property and civil rights, formalization of marriage.

Question 15

Another name for commercial law is:

Answer 15

Business law.

Question 16

Under which level are incorporation of businesses and rights of employees?

Answer 16

Provincial.

Question 17

Who establishes the tax rules relating to the death of a taxpayer, taxation of the estate and any trusts created under the deceased’s will, and taxation of the beneficiaries of an estate or trust?

Answer 17

The federal government.

Question 18

What is real property?

Answer 18

Property rights and interests with respect to land and anything attached to the land (such as a house, crops and mineral rights).

Question 19

What is personal property?

Answer 19

Is generally any property that can be owned other than land.

Question 20

“Chattels” is another name for:

Answer 20

Tangible personal property.

Question 21

What is fixture and how could it be treated.

Answer 21

Is personal property added to real property, could be treated still as personal property.

Question 22

What are the two types of rights that form intellectual property?

Answer 22

Industrial property rights and copyright laws.

Question 23

How is it called being the owner of an estate in fee simple confers that person with full ownership rights in the property without any temporal or legal restrictions?

Answer 23

Estate in fee simple.

Question 24

Another way to refer to a life estate is:

Answer 24

Life interest.

Question 25

What is a life estate?

Answer 25

x

Question 26

What does legal ownership refers to?

Answer 26

The person’s legal title to the property and a managerial role with respect to that property.