Tax and estate planning for joint accounts
Many Canadians have questions about how accounts are transferred upon death. Here’s how it works when assets are held...
probate
Tax implications of adding a child’s name to your rental property
To fully understand the potential tax outcomes, consider legal versus beneficial ownership, the capital gains inclusion rate, changes to...
When and how to transfer an RESP for grandchildren
Grandparents, relatives and even family friends can open an RESP account. What should they consider from an estate planning...
You have to sell a cemetery plot—will you owe capital gains tax?
Cemetery plots in some big Canadian cities can be worth $50,000 or more. Their sale or deemed disposition may...
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Can transferring ownership of a house help avoid probate tax?
Transferring ownership of a house while parents are still living can significantly affect probate tax, but there are other...
“Our parents just passed—What do we do about their estate?”
Two siblings’ complex inheritance provides a case study in minimizing death taxes.
Can you save on taxes by owning an investment account with your child?
Jointly owning an asset with a child comes with tax and estate implications. Here’s why it may not be...
How to avoid or reduce probate fees in Ontario
Read about the practical strategies to reduce or avoid probate fees in Ontario, and ensure a smoother transfer of...
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Financial planning in your 70s
Be mindful of these money concerns, even after retirement.