While there is no tax to the beneficiary on willed inheritances in Canada, ensuring there is maximum value left in an estate for your loved ones to inherit can be a confusing business. Do you own a family cottage? Proper estate planning can ensure it is transferred with minimal tax liability. Do you own stocks, bonds, life annuities and other tax deferred assets? How will these be disposed of at the time of your passing? Decisions made now can have a dramatic impact on the tax liability these assets can incur. For these reasons and many more, tax planning is an essential component of structuring your affairs. We will review your will, assets, and tax situation to ensure that your wishes will materialize and that your beneficiaries will receive maximum value from your estate.
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