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Keyword: Estate tax

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time is money

Avoid the tax consequences of not distributing a TFSA quickly after the account holder dies

audit

While audits are uncommon, rules introduced in 2015 ensure stringent reporting of assets

Interior view of the Canada Commons of Parliament, Ottawa

Critics say the government is defying Parliament by not enacting the new rules

Wooden gavel used by a judge or auctioneer

The IRS had wildly inflated the value of the King of Pop's assets

The Rideau Canal in Ottawa, Canada

From capital gains to wealth taxes, Jamie Golombek breaks down the Liberals' options

Will document

The change is meant to address "perennial" backlog issues

Close up business man signing contract making a deal, classic business

The province is considering whether to make virtual document signing permanent and whether marriage should still revoke a will

intergenerational wealth planning

Advisors’ influence on family unity is growing

calculating numbers for income tax return with glasses pen and calculator

The provincial budget also said the government would extend the deadline for filing estate returns

ALFRED GESCHEIDT / GETTY IMAGES; ICONS: ISTOCKPHOTO

Helping executors decide how much to keep aside for complicated estates