Cross-border estate planning: What should Canadian parents with U.S. beneficiaries do?
The transfer of Canadian estates to U.S. beneficiaries comes with various legal, tax and financial implications. Learn about the...
Inheritance
Can transferring ownership of a house help avoid probate tax?
Transferring ownership of a house while parents are still living can significantly affect probate tax, but there are other...
“Our parents just passed—What do we do about their estate?”
Two siblings’ complex inheritance provides a case study in minimizing death taxes.
How to calculate the adjusted cost base of inherited property
What happens if you inherit a property and have no record of its value at that time? How can...
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How to avoid or reduce probate fees in Ontario
Read about the practical strategies to reduce or avoid probate fees in Ontario, and ensure a smoother transfer of...
Family legacy: How to pass along the family cottage—and 3 things to avoid
Discover key strategies from estate planning lawyer Peter Lillico on preserving your family’s cherished cottage for generations to come.
When does the “plus 1” rule apply to a principal residence?
There are tax implications to inheriting a second property. But in certain circumstances, you can have two principal residences...
5 reasons to buy life insurance—right now
An effective financial plan goes beyond saving and investing. Life insurance can also be a key element in achieving...
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Do RRIF beneficiaries pay tax?
Is it possible to avoid tax as a RRIF beneficiary? Find out if timing could be an issue, as...