Appeal from trial judgment in matrimonial proceedings concerning ownership of property.
The trial judge found that the appellant's 50% interest in Knapton Farms Ltd. (a corporation holding farm property) and 100% interest in lot 8 (adjoining land) were beneficially owned by the respondent through resulting trust.
The Court of Appeal allowed the appeal in part, finding that the trial judge correctly applied resulting trust principles to the Knapton shares but erred regarding lot 8.
The court held that the initial 1994 transfer of lot 8 to the parties as joint owners created a presumption of joint beneficial ownership under the Family Law Act, which the respondent failed to rebut.
However, the court upheld the resulting trust finding regarding the 1996 transfer of the respondent's half-interest to the appellant.
The court also corrected the valuation of farm real estate and addressed equalization, occupation rent, and pre-judgment interest issues.