Tag: Wills

Home Tag: Wills

Preserving Your Estate

What is estate preservation? Estate preservation entails using tax strategies to protect as much of your estate as possible from income tax and other costs when you and your spouse have passed away. Some assets, such as RRSPs and jointly owned [...]

Taxes at Death

What taxes are due on death? As the saying goes, death and taxes are the only sure things. And when someone dies, taxes and other fees will most likely need to be paid. That said, there is no separate “death tax” in Canada. Taxes on death may [...]

Dying Without a Will

What happens if you die without a will? Dying without a will (“intestate”) will cost your estate more money through taxes and legal costs and create unnecessary work for whomever the government appoints as your estate administrator or trustee [...]