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How to Avoid Capital Gains on a Cottage in Ontario
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 Probate in Canada?
Do living trusts go through the probate process in Canada? Living trusts generally do not go through probate in Canada.
Are Legal Fees for Wills Tax-Deductible in Canada?
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.
Can a Sole Beneficiary Be an Executor of a Will in Canada?
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.
Is Life Insurance Worth It in Canada? Pros & Cons
Life insurance is often worth it if you have people who depend on your income, you own a business, or you want to protect your estate. The value depends on your financial goals, life stage, and whether the structure of your policy aligns with those goals.
Is Life Insurance Taxable in Canada?
Is life insurance taxable? Life insurance payouts are generally not taxable in Canada if they are paid directly to a named beneficiary.
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.
Is Inheritance Taxable in Canada?
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?”
A Guide to Wills for Blended Families in Canada
Estate planning in blended families is especially sensitive because your children’s inheritance could unintentionally end up in someone else’s hands.
