Dealing With Tax Implications of Your Death
Although neither Canada nor Quebec impose an estate tax or succession duties, there are, unfortunately, income tax consequences upon death.
Beginning in the 1950s, our family relied on Harry Craimer and then his blue-eyed associate, Ted Greenfield. Sixty years later, through its many incarnations, we depend on FL Fuller Landau. Being a real-estate and investment company, we rely on FL Fuller Landau for high-end accounting, book-keeping, investment oversight, tax planning and real estate management. Over all these years, the care has been excellent. As family protectors and family friends, we are indebted to them.
Dr. Walter Bloom
We have worked with FL Fuller Landau for over 20 years. They have broken the mold and revolutionized the way in which they approach their clients’ needs. They offer a most unique, full-service range of expertise, coordinating and working together with us on all aspects of our company and our employees. This includes everything from bookkeeping, investment oversight, tax planning, real estate management, human resources management and even expertise for our foundation and operating farm. FL Fuller Landau is invested in all aspects of our company, from individual employees to the broader scope and direction of the enterprise. They are our go-to source even as our needs change and evolve.
Tanya Das Neves, VP operations, Immersence inc, Reverie Foundation, Reverie Farming
For over seven years, FL Fuller Landau has been assisting and leading me with my full-service family accounting and financial needs from investment oversight, tax planning, bookkeeping and real estate counsel. They have interacted with my banking team as well as my notary for all my financial and real estate requirements. What I appreciate most about them is their timely response to my queries and professionalism.
Ellen Wolfe
Although neither Canada nor Quebec impose an estate tax or succession duties, there are, unfortunately, income tax consequences upon death.
We have now reached the second decade of the twenty first century. In the last few years, we have seen many changes to the traditional family structure. Common law couples, same-sex couples, blended families and other options are much more common. Although…
Revenu Quebec has issued new disclosure requirements for nominee agreements and has announced an extension to the filing deadline which was previously set for September 16th, 2019.
Effective January 1, 2016, substantial changes will be made to the tax treatment for Estates and Trusts. Currently, a trust created under a will (a “testamentary trust”) is eligible for the same graduated rates of tax as are individual persons. An election…