
Who Pays Tax on an RRSP at Death?
In Canada, when the RRSP account holder dies, the value of the RRSP is generally included in their income for the year of death and taxed on their final return.
In Canada, when the RRSP account holder dies, the value of the RRSP is generally included in their income for the year of death and taxed on their final return.
Strategic Wealth Protection Partners helps families and business owners in Ontario with comprehensive estate planning.
SWPP’s Living Estate Plan service ensures Ontario families have an estate plan or living trust that protects their assets from unnecessary taxes and fees, including probate.
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