Family Heirlooms
Would jewellry with a value of less than $3000. passed down to you through the family be considered a family heirloom? Most is pre 1950.
Would jewellry with a value of less than $3000. passed down to you through the family be considered a family heirloom? Most is pre 1950.
This is highly dependant on which province you reside in. Each province has a different set of exemptions that are available and in certain provinces you are allowed an exemption for clothing and personal effects. If you use the contact an expert link on this page, it will put you in touch with a trustee in your area who will be willing to explain in detail what types of exemptions are available in your area.