Death Tax Canada: How to Avoid a Surprise Tax Hit
No one wants a tax surprise after death. Learn how Canada’s “deemed disposition” rules impact your estate—and how smart planning protects your family.
May 2, 2025
No one wants a tax surprise after death. Learn how Canada’s “deemed disposition” rules impact your estate—and how smart planning protects your family.
When you’re faced with the possibility of inheriting money or property, one of the first questions that likely comes up is, “Is inheritance taxable in Canada?”
Estate planning in blended families is especially sensitive because your children’s inheritance could unintentionally end up in someone else’s hands.
In Canada, a living will is a type of advance directive that outlines your wishes for medical care if you become unable to communicate or make decisions for yourself.
Setting up a trust in Ontario begins with a clear purpose and intention. What do you want the trust to achieve?
Estate taxes in Canada can be confusing, but understanding the key rules can save your family money.
In Ontario, probate fees—officially called the Estate Administration Tax—are calculated based on the total value of the deceased person’s assets.
Estate planning ensures your assets go to the right people, minimizes taxes, and provides clarity for your loved ones. You might wonder whether you need a lawyer, what it will cost, and how to keep the process simple.
Choosing the right type of will is crucial to ensuring your estate is distributed according to your wishes. But remember, a will is not the same as an estate plan which takes into consideration tax planning.
The cost of a will in Ontario depends on several key factors: the complexity of your estate, whether you use a lawyer or DIY tools, and the level of professional advice required.