What Happens to Your TFSA Upon Death

When an individual passes away the value of the TFSA is not taxed, however there are possible implications as the Estate is being settled depending on the province of residence.

Estate Freeze as an Estate Planning Tool

An estate freeze is one of the more common estate planning tax strategies. When an individual shareholder holds shares of a private corporation, a ‘freeze” can be used to lock in the current value of the individual’s estate, which ultimately defers tax when the shares of the company pass to the next generation.

Estates and Trusts: Making it Easier for Your Succession

We often think about our legacy and what we will leave our loved ones when we are gone, but we don’t often consider who will pick up the pieces or the work that will be involved. There are several things that can be done in order to simplify the process for those tasked with managing your estate.

Estate Management 101

The following is a list created to assist you in managing the affairs of deceased individual. It is imperative that you start working through this list as soon as possible as some of the procedures you will request will take time for the various organisations contacted to process.

Featured posts:

Get FL News:

All Categories

Contact Us

Please fill out the form

Contact Us Now

For Free Consultation