executor Archives – Wealth Hub

Filing a T1 Terminal Tax Return

A T1 Terminal Tax Return is to be filed upon a tax payer’s death. According to Canadian tax law, a taxpayer is deemed to have disposed of all of their property at the fair market […]

Canadians and US Estate Tax

Thousands of Canadians identify themselves as snowbirds who spend the cold winter months in the warm southern states. They may be surprised to find out that owning U.S. assets may be subject to US estate […]

Using an Estate Freeze to Limit Your Capital Gains

Upon death, a taxpayer is deemed to have sold of all of their property at fair market value thus resulting in a tax liability. This is known as a deemed disposition. Estate freeze is an estate […]

Probate Fees By Province

Probate is the legal process where will goes through provincial courts in order to get certified and validated. This process can be expensive but there are ways to avoid probate and minimize your estate tax bill. […]

Types of Power of Attorney

There are three main types of power of attorney. What exactly is a POA? A power of attorney document is an important estate planning tool. It gives an individual or perhaps more than one individual […]

5 Duties of a Estate Executor

A will typically names an estate executor who will be responsible to carry out the wishes of the testator’s will. The executor could be a single individual or multiple. Depending on the complexity of the […]

CPP Death Benefit

Tips on How to Avoid Probate

To determine if the will is legal and valid, it goes through a process known as probate. The will is sent to court and the courts will establish the true Last Will and Testament. Probate can help confirm the legitimacy of documents. […]