How to Avoid Inheritance Tax in Canada
Proper planning ensures more of your wealth passes to your loved ones while minimizing tax burdens.
January 9, 2025
Proper planning ensures more of your wealth passes to your loved ones while minimizing tax burdens.
A living trust allows you to avoid probate, maintain privacy, and manage your assets during your lifetime. A will is simpler and ensures your final wishes are carried out, such as appointing guardians for minor children. The right choice depends on your financial situation and goals—for many, a combination of both is ideal.