Ontario Barrister and Solicitor Practice Exam

Before transferring a deceased individual's home to a beneficiary, what must first be obtained?

1. A will testament

2. A CRA clearance certificate and a certificate of appointment

3. Approval from all other heirs

4. A real estate evaluation statement

The correct answer is: A CRA clearance certificate and a certificate of appointment

Before transferring a deceased individual's home to a beneficiary, a CRA clearance certificate and a certificate of appointment must first be obtained. This is due to the fact that the deceased individual's estate must be cleared of any taxes owed to the Canadian Revenue Agency (CRA) before any assets, such as a home, can be transferred to a beneficiary. A will testament (Option A) may be required in order to determine the correct beneficiary of the home, but it is not necessary for the transfer process. Approval from all other heirs (Option C) may also be necessary, but this varies depending on individual circumstances and is not a general requirement. A real estate evaluation statement (Option D) may be useful for establishing the value of the home, but it is not necessary for the transfer process. The CRA clearance certificate and certificate of appointment are the primary documents required for this type of transfer.