Category Archives: Estate & Succession

Regardless of the size of your estate, an effective estate plan is necessary if you want to make sure that the right parties inherit your assets. If tax is an issue, your estate plan can help to limit the amounts that your beneficiaries will owe. You might find the following tips helpful, even if you […]

Whenever you meet with an estate planning professional, part of your discussion should be about taxation. You need to have a pretty good idea of what tax liabilities are going to be once you pass away. If you don’t, your assets might not end up distributed the way you hoped for. One of the main […]

You pay taxes all your life. Unfortunately you’ll even have to pay taxes when you die. But there are ways to minimize those taxes, so why not take advantage of them? After all, who would you rather your money go to – the government or your loved ones? How to avoid making government an heir. […]

Two men were lifelong friends and similar in many ways. Both were affluent, mid-fifties, healthy, with several children and grandchildren. Life was good. Then tragedy struck. Returning home from a golf weekend together, their car was involved in a serious auto accident. Neither of them survived. Both families were devastated. But one was far more […]

A Will forms an essential part of your estate plan. It is a written document, “in Quebec, preferably done by a notary” that expresses your wishes for the distribution of your assets at your death. It will also deal with any debts of your estate ensuring that they are paid including any taxes owing. A […]

Although I am usually writing here myself, this time I came across an article from Bruce Sellery on MoneySense that I feel is worthy sharing with you. Here is almost the full article on MoneySense written by By Bruce Sellery. There are some questions we don’t want to ask our parents, but it’s important to […]

Family trusts are popular estate and succession planning vehicles for a good reason: they can be versatile and effective tools to help manage family wealth and taxes. But many Canadian family trusts are now well into their second decade and need attention to avoid significant and even devastating tax bills triggered by the Income Tax […]