We all work hard to save for a nice retirement but we often don’t consider what will happen to our hard-earned dollars when we pass away. With multiple marriages, children, or wishing to leave a legacy to your favorite charity there is a lot to consider. With different assets come different tax effects and different distribution methods. Let us review your holdings and help you develop an estate plan to help ensure your final wishes are met in the most fair and tax-efficient way. We can also work with your lawyer to ensure that your will is set up to reflect the plan.
When a person passes away the final tax return can often be the most complicated and yield the largest tax bill – not to mention being a stressful and emotional time for anyone involved. In order for an executor to be released of liability from an estate they must obtain a clearance certificate from the Canada Revenue Agency. Let us help you prepare the final tax return and any subsequent trust returns to ensure that no assets or special tax rules are forgotten and clearance is issued with minimal problems.