How do I protect my estate from being heavily taxed when I die?
In Canada, we don’t have Estate Taxes. But two types of taxes do occur after death. First, a final income tax return must be completed after everything is sold that evaluates assets and taxes owned on them. Second, probate fees cover the percentage of the assets going through the Will. Having a solid plan can help reduce tax and fees. Talk to a BlueRock Wealth advisor to evaluate your estate planning needs today.