In the next decade alone, $1207 billion will flow to the next generation, paying $78b in taxes. Intergenerational wealth transfer is a task to undertake with due diligence.

Registered accounts provide Tax exemption or deferral. Are you worried that Death Taxes will cost a large chunk of your estate? Do you want your heirs to inherit the maximum they can? If yes, Registered Accounts are for you.

Family Trusts are quite a respite amidst the realities of inheritance, estate, and wealth that are cumbersome and can indefinitely sow seeds of enmity and expense.

Know more about the industry value chain and how it proactively assists Canadian businesses in enhancing efficiency, cutting costs, and improving the quality of products, in this Faber LLP detailed blog.

Life insurance can be an excellent tool for relief in times of need. A person doing estate planning asks himself: How much taxes will my loved ones have to pay on my death?

Trusts are a tool that grants massive protection to family wealth.

Estate Planning for unmarried couples is an essential but often overlooked issue. In the 1980s, the ratio of unmarried couples buying their first homes was less than 1%.

Discover the basic factors and appropriate timing for the business restructuring: financial problems, market conditions, and changing strategy.

Imagine a world where significant tax reform is set to shake up investments but sees a postponement in the middle of it. 

Navigating the world of personal finance can be challenging, especially with changing tax regulations.

The New Capital Gains Tax introduced in Canada last year is set to be reversed by the government expected to take charge in a couple of months. 

As Justin Trudeau announces his plans to resign, Canadian businesses face uncertainty. Explore potential impacts, opportunities, and what the future holds for the Canadian economy and financial markets.

In the fast-paced world of investment, investors always look for ways to carefully plan and fine-tune their investment portfolio with capital gain tax.

If there is no Will, there is no way. This saying explains what happens to your estate if you do not have a will that suffices for the distribution and disposal of your assets.

Discover essential tips and strategies for navigating the complexities of the New Capital Gains Tax Law in Canada.

As if your government wasn’t enough to charge taxes, you may have to pay double estate taxes if you own assets across the border.

How can you ensure the financial security and well-being of a disabled beneficiary through estate planning?

In the accounting world, standards are the guiding stars that ensure the consistency, accuracy, and transparency of financial information.

Are you aware of the strategies available to minimize capital gains tax liabilities, particularly as you near retirement age? Capital gains tax is a tax on the profit realized from the sale of a non-inventory asset.

Navigating estate planning for blended families in Canada can be delicate and challenging. Thoughtful planning is required to ensure stepchildren, new spouses and children from previous marriages receive their fair share.

Significant changes to capital gains taxation have been made, impacting individuals, investors, and the economy at large. Understanding these changes is essential for navigating the financial landscape effectively.

See how a Trump presidency could be good for business in Canada by covering the potential benefits from trade collaboration, energy support while also touching on some of the challenges – tariffs, market volatility and immigration restrictions.

The taxpayer’s worries have increased with the news that their financial data and credentials submitted to a tax filing company have been compromised and used to acquire millions in illegal rebates from the CRA.

Have you ever heard about inter vivos trusts? Do you want your family to avoid paying probate after you pass away? Have you ever considered setting up a living trust but abandoned the idea due to high legal fees? If the answer to any of these questions is yes, you are in the right place. 

Capital Gains Tax Rules

Charitable giving is a fundamental aspect of philanthropy that allows individuals to support causes and organizations they care about. In Canada, donations can take the form of money, assets, and they can significantly impact communities and the world.

Carbon accounting has become an important tool for businesses worldwide, particularly regarding climate change, which is a serious issue.

Welcome to the realm of Registered Retirement Income Fund (RRIF) and Registered Retirement Savings Plan (RRSP) planning, an essential but often overlooked area of financial planning that can significantly impact your estate’s value.

There is virtually no inheritance tax in Canada. It is because the deceased is taxed, with his assets valuated at a fair market rate as of the time “immediately before his death.” Thus, almost everything, barring a few, owned by the deceased at the time of his death is directly taxed.

Seeing the term Probate, many people might think this is an area only Estate Professionals should traverse, but they are wrong. Everyone who has property and responsibilities should know about Probate and its process. The earlier in his life, he comes to understand it, the better.

Likely the most significant changes to capital gains taxation for individuals, investors in 2024 are going to affect the economy on a larger scale. These shifts are very important in order to understand the financial market well.