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Financial Information
Wills & Estates

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Financial Planning -> Wills & Estate Planning

Wills & Estate Planning

When Someone Dies

What to do when someone dies

Executors have many responsibilities.
An estate may have to register as an employer with Canada Revenue Agency.
Links to information on federal and provincial/territorial websites.

What happens to debts of the deceased?

Wills

Advantages of having a will

What happens if you die without a will?

Do you need a lawyer to write a legal will?

Does a will need to be registered?

Who can challenge a will?

Sample will

Probate Fees

Minimize probate fees

Joint tenancy, multiple wills, value of estate

Probate fees by province

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: September 19, 2017

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