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Posts Tagged ‘joint tenant’

Death and Taxes: Estate Planning Mistake #3

Thursday, October 8th, 2009

Estate Planning Mistake #3:  Not Doing the Math

There’s a lot of misinformation floating around about how certain assets are taxed when the owner dies.  I’ve heard tell that RRSPs are not taxed if beneficiaries are named on the RRSP application.  This is only partially true and if you think you’ll be able to leave RRSPs to your adult child with no tax consequences, they are in for an unpleasant surprise.  (more…)

Tags: Estate, Estate Planning, joint tenant, Mutual Funds, principal residence, principal residence exemption, probate, RRSP, Tax Planning, will
Posted in Estate Planning, Investments, Tax Planning | 4 Comments »