Tax Brief: Estate Freezes
Issue: In Canada, when a resident passes away, there is a deemed capital disposition of all their assets, which could result in significant tax owing to the Canada Revenue Agency (“CRA”). Our clients have worked hard for their assets and they want to ensure that upon death, all of their hard work won’t be taken by the CRA in the form of taxes. Solution: Estate freezes, one possible estate planning method, are a crucial tax planning tool our clients use in order to ensure they
