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.
July 3, 2025
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.
Deepak, a 57-year-old real estate investor in Ontario, came seeking a solution to a very specific concern: how to ensure that his $7 million in investment properties would go directly to his two minor children when he passed away—without being diverted or lost along the way.
Canada does not have a direct estate tax, but taxes on assets and income after death can significantly reduce the value of an estate.
If you’re looking into holding property in trust in Ontario, you likely want to understand how it works and whether it’s the right choice for you.
Daniel is a 65-year-old entrepreneur in the renovation business who has built a successful business and legacy.
Avoiding capital gains tax on a family cottage is one of the most emotional and financially sensitive parts of estate planning in Ontario.
Do living trusts go through the probate process in Canada? Living trusts generally do not go through probate in Canada.
James, a successful real estate investor in his early 50s, owned several residential investment properties—houses, condos, and similar assets—through a corporation.
In Canada, legal fees for drafting a will are generally not tax-deductible for individuals. The Canada Revenue Agency does not allow individuals to claim legal expenses incurred for personal matters as tax deductions.
In Canada, can the sole beneficiary be an executor of a will as well? Yes, a beneficiary can also be an executor of a will in Canada.
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.
16 Industrial Parkway South, Suite 609, Aurora, ON, L4G-0R4