How to Avoid Estate Tax in Canada in 2025
Canada does not have a direct estate tax, but taxes on assets and income after death can significantly reduce the value of an estate.
June 26, 2025
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.
Do living trusts go through the probate process in Canada? Living trusts generally do not go through probate 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.
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.
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? Life insurance payouts are generally not taxable in Canada if they are paid directly to a named beneficiary.
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.
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