by kimberly | Oct 11, 2023 | Estate Planning
There are a number of resources available to help you with estate planning in Canada. Here are a few: Lawyers: Lawyers can help you to draft a will, create a trust, and make other estate planning arrangements. They can also advise you on the tax implications of your...
by kimberly | Oct 11, 2023 | Estate Planning
Making charitable donations through your estate can be a great way to support the causes that are important to you and to leave a lasting legacy. There are a number of ways to make charitable donations through your estate, such as: Bequest in will: A bequest in will...
by kimberly | Oct 11, 2023 | Estate Planning
There are a variety of options available for funeral and burial arrangements in Canada. The type of arrangement that you choose will depend on your personal preferences and budget. Traditional Funerals A traditional funeral typically includes a viewing, visitation,...
by kimberly | Oct 11, 2023 | Estate Planning
In Canada, there is no inheritance tax. This means that you do not have to pay taxes on the money or property that you inherit. However, there are some tax implications that you should be aware of if you inherit property. Capital Gains Tax When you inherit property,...
by kimberly | Oct 11, 2023 | Estate Planning
When someone dies, their estate is responsible for paying off their debts. This includes debts such as credit card bills, mortgages, and loans. If the estate does not have enough money to pay off all of the debts, the creditors may be able to seize the estate’s...
