Financial Planning -> Wills & Estate Planning
Wills & Estate Planning
When Someone Dies
Executors have many responsibilities.
An estate may have to register as an employer with Canada Revenue Agency.
An individual is deemed to have disposed of all capital property immediately prior to death.
Links to information on federal and provincial/territorial websites.
Wills
What happens if you die without a will?
Do you need a lawyer to write a legal will?
Probate Fees
Joint tenancy, multiple wills, value of estate
Income Taxes
Minimize taxes of a deceased taxpayer
Are gifts or inheritances taxable?
How are RRSPs and RRIFs taxed at death?
Donations in the year of death and in the will, qualified donee as beneficiary of RRSP, RRIF, TFSA or life insurance policy
Tip: Plan ahead by making a will and ensuring your wishes are known.
Revised: March 25, 2019