Estate planning – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Wed, 27 Sep 2023 16:09:47 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Estate planning – Advisor's Edge https://phoenix.advisor.ca 32 32 Help clients prepare for a serious illness https://phoenix.advisor.ca/tax/estate-planning/help-clients-prepare-for-a-serious-illness/ Tue, 26 Sep 2023 20:29:42 +0000 https://www.advisor.ca/?p=231130 Clients may be more open to discussing serious illness planning than death planning

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]]> Amid inflation, Canadians cut costs but not big goals: poll https://phoenix.advisor.ca/news/industry-news/amid-inflation-canadians-cut-costs-but-not-big-goals-poll/ Tue, 19 Sep 2023 17:54:31 +0000 https://www.advisor.ca/?p=230907 Despite concerns about saving, only 13% of respondents recently consulted an advisor

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]]> Help clients find lost bank accounts and insurance policies https://phoenix.advisor.ca/insurance/life/help-clients-find-lost-bank-accounts-and-insurance-policies/ Wed, 30 Aug 2023 21:15:23 +0000 https://www.advisor.ca/?p=230049 Although there are tools to help, financial advisors still say it’s best to maintain updated information

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]]> Do executors have to accept the role? https://phoenix.advisor.ca/tax/estate-planning/do-executors-have-to-accept-the-role/ Fri, 18 Aug 2023 19:01:01 +0000 https://www.advisor.ca/?p=229845 What to know before administering an estate

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]]> Why clients with large RRSPs and RRIFs might benefit from earlier withdrawals https://phoenix.advisor.ca/tax/tax-news/why-clients-with-large-rrsps-and-rrifs-might-benefit-from-earlier-withdrawals/ Tue, 11 Jul 2023 19:23:27 +0000 https://www.advisor.ca/?p=228375 Strategic withdrawals allow clients to smooth out their income levels over retirement

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]]> CRA releases new form for reporting beneficial ownership of trusts https://phoenix.advisor.ca/tax/estate-planning/cra-releases-new-form-for-reporting-beneficial-ownership-of-trusts/ Fri, 30 Jun 2023 17:18:31 +0000 https://www.advisor.ca/?p=228041 Trustees must use Schedule 15 to report names, addresses and tax information numbers for beneficiaries

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]]> CRA says trustees must report on contingent beneficiaries too https://phoenix.advisor.ca/tax/estate-planning/cra-says-trustees-must-report-on-contingent-beneficiaries-too/ Thu, 22 Jun 2023 13:06:44 +0000 https://www.advisor.ca/?p=227028 Agency requires names, addresses and taxpayer information numbers under expanded trust reporting rules

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]]> How employee ownership trusts limit estate planning https://phoenix.advisor.ca/tax/estate-planning/how-employee-ownership-trusts-limit-estate-planning/ Wed, 21 Jun 2023 17:00:25 +0000 https://www.advisor.ca/?p=226958 Challenges for business-owner clients include taxable disposition and compliance costs

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]]> How is an FHSA taxed at death? https://phoenix.advisor.ca/tax/estate-planning/how-is-an-fhsa-taxed-at-death/ Fri, 09 Jun 2023 20:11:00 +0000 https://www.advisor.ca/?p=226521 It’s not too early to consider the estate implications if someone dies while holding an FHSA

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]]> Understanding the CPP death benefit https://phoenix.advisor.ca/tax/tax-strategies/understanding-the-cpp-death-benefit/ Fri, 12 May 2023 14:59:32 +0000 https://www.advisor.ca/?p=225458 The amount has been falling in real terms

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