Wealth Events
Wealth Building, Retirement Planning, and Money Management.
Workplace Learning
Reduce stress in your workforce with employee financial education.
Financial Consulting
Build financial wellness, confidence, and control over your household finances.
Learning Centre
Financial tools, calculators, and resources

Posts Tagged ‘probate’

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 »

Death and Taxes: Estate Planning Mistakes

Tuesday, October 6th, 2009

Every year, billions of dollars are transferred from one generation to another in Canada.  Unfortunately, many of us don’t take the proper precautions to make sure our wishes are carried out in the event we should pass away.  I’ve heard everything from “I don’t want to think about a will right now” to “If I make out a will, I feel like something bad is going to happen to me.”  By ignoring the need to draft a comprehensive will, something bad will definitely happen to your family. (more…)

Tags: Estate, executor, intestacy, probate, will
Posted in Estate Planning | 2 Comments »