While Canada’s tax system doesn’t impose a traditional inheritance tax, estate taxes through capital gains, final income returns, and probate fees can still shrink inheritances dramatically. By leveraging these strategies, you can pass down more of your hard-earned wealth. 09 Oct

Tax-Smart Inheritance Strategies for Canadians

While a trust can be an effective way to manage and transfer ownership of the family cottage, it requires careful planning to get it right. 19 Sep

Trust Planning for The Family Cottage: Key Considerations

Small mistakes, like adding a child to a property title or failing to file the right forms, can create huge tax costs for your family. The key is to plan early and get the right advice. 11 Sep

Avoiding Unnecessary Taxes For Your Surviving Loved Ones

In Canada, most trusts are separate legal entities taxed under strict rules in the Income Tax Act. Proper structuring is essential to reduce tax and avoid reporting issues. Regular reviews with your accountant and estate planning lawyer help prevent surprises. 14 Aug

Taxation of Trusts in Canada: How Does it Work?

This article will provide a comprehensive overview of capital gains on inherited property in Canada, explain who pays the tax, explore strategies to reduce or avoid it, and answer frequently asked questions to ensure you have a clear understanding of your obligations and options. 24 Jun

How to Avoid Paying Capital Gains Tax on Inherited Property in Canada

There can be sentimental reasons to keep inherited real estate, but —unless you plan to use the property personally— you should ask yourself: would you buy that real estate with an equivalent amount of cash? 17 Mar

Inheriting Real Estate: Ask Yourself “Would You Buy it?”

Estate Planning in Canada is an essential step that helps you manage your assets as you wish while minimising tax difficulties for the beneficiaries. Although there are no inheritance taxes, addressing key tax considerations helps protect your legacy and care for your loved ones. 22 Feb

Proactive Steps to Minimise Your Estate’s Tax Burden

This guide will help you explore the key aspects of inheritance tax in Canada for non-residents, taxes on property, and cross-border tax concerns for Canadians inheriting overseas. 24 Jan

Canadian Inheritance Tax 2025: Frequently Asked Questions

Inheriting Real Estate in Canada: What You Need to Know 20 Dec

Inheritance Tax & Cross-Border Rules: What Canadians Need to Know

As the legal representative—whether you’re the executor, administrator, or trustee—you are responsible for making sure this process is completed properly. This guide will walk you through, step-by-step, how to prepare the final tax return for someone who was a tax resident of Canada. 20 Sep

Filing a Final Tax Return in Canada: a Step-by-Step Guide

We serve individuals, families and businesses in the Brussels area. Safeguard your assets through estate planning and insurance analysis: please contact us if you have any questions about Estate Planning... 10 Sep

Sholdice Financial Services | Estate Planning | Brussels Ontario

When combined with the nuances of deemed disposition, estate planning can quickly become complex. Personalized advice is invaluable for devising a strategy to maximize your wealth transfer to the people and causes you love. 15 Feb

Deemed Disposition at Death: Top Questions Answered