Our Featured Articles

Estate Planning

Approximately 51% of Canadians do not have a will. Many investors don’t realize that their RRSP/RRIF is fully taxable in the year of the death of the second spouse (assuming the investments rolled over tax free to the surviving spouse).
Capital gains on non-registered investments and real estate, including the family cottage (if not the principal residence) are taxable in the year of the death of the second spouse (assuming the investments rolled over tax free to the surviving spouse). No estate is identical. We will discuss strategies to cover tax liability at death as well as the need for wills and power of attorneys.