Can a property acquired through reinvestment of a gift or legacy exempt from seizure even without a stipulation of unseizability regarding that property in the deed of gift or in the will?
Canada (Federal), Canada
The following excerpt is from 6149812 Canada Inc. v. The Queen, 2009 TCC 442 (CanLII):
The appellants cited cases where it was found that property acquired through reinvestment of a gift or legacy exempt for seizure was exempt from seizure even without a stipulation of unseizability regarding that property in the deed of gift or in the will (see Lacroix v. Corbeil, [1955] C.S. 219). However, that decision does not contain an analysis of that issue; hence, it may not be very authoritative.
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