We all know death and taxes are certain but when that moment will arrive and how much taxes you will pay is uncertain. This is the time when CRA takes the lead and takes majority of your hard earned money and use for their own agendas. Estate planning is far more complicated and involved than most people realize. If you don’t have a full understanding of your legal and financial rights, it is going to end up costing you and your family much more in the long run.
If you think you are too young to worry about estate planning, or perhaps you are waiting until you have more “estate” to bother with, think again. By planning now what happens to your estate in the event of your death, you will be left with the peace of mind that comes with knowing that you have provided to the best of your ability for your children and your family.
Most people don’t know that RRSPs are a tax trap if not used properly. Estate planning is usually done with the help of an accountant, lawyer and financial advisor. We can help. We are happy to discuss, recommend, and offer useful research tools which will help you get your estate in order so that those that follow you won’t be unduly burdened with taxes, probate courts, government bureaucracy, end-of-life costs and other problems relating to inheritance.
We mainly deal with the tax aspect of estate planning. It is essential to work with accountant, lawyer and a financial advisor to make a good estate plan. We make sure that CRA don’t take a big chunk of your hard-earned money.
