Estate Planning in Canada ✒️ Tips and Insights from Experts, Mistakes to Avoid

[@jwallace9984]

Excellent presentation and useful information. Thank you.

[@nonamacd]

Folks, I can't thank you enough for all your time and expertise that you poured into this video. I am going through the process of getting our family plans up to date, and you have given me excellent points to consider before my next visit with my advisor. Many, many thanks.

[@paulb9156]

This was a great presentation/discussion. I’m just starting to learn about estate planning and its importance.

[@gerimarkvoort7282]

outstanding advice and commentary

[@cindyblue1681]

Thanks for the informative session

[@KhiaraHarsh]

Amazing video with lots of information

[@esampson2369]

If the deceased has named an executor who lives in another province, which estate and tax rules apply? The province of the deceased or the province of the executor? Thank you.

[@SteadyhandInvestments]

As per the estate lawyer (Lucy Main) in the video, "The answer depends on more clarity on the question. The deceased could be subject to tax in different jurisdictions - for example if the deceased was a resident of Ontario and a US citizen then there could be tax in Ontario and the US as a consequence of death. The estate is a taxpayer. There are rules in place to determine the tax residency of the estate. The residency of the majority of the executors can render the estate a resident of where the majority of the executors reside for tax purposes. The deceased should consider these tax issues in their planning and the named executors ought to consider them too before they agree and begin to start acting as executor."

[@esampson2369]

@SteadyhandInvestments Thank you. In my scenario, the deceased is in Alberta and the Executor is in Ontario. Would the estate follow Ontario's tax laws?

[@markadams3257]

Haw I can lower my income tax when I have money in US to claim my income tax in Canada

[@fredhooshi4294]

am more confused

[@claudia-vp1kd]

What if I die and I'm not collecting CPP yet? How can I have whatever money I've accumulated to go to my children or it's lost to the government?😂

[@3qht]

it is so annoying to hear the one woman kept laughing about nothing … gives it an unprofessional air. I’m out half way