Tag / estate
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RRSP Beneficiaries and Tax Liabilities
Financial Institutions issuing RRSPs or RRIFs cannot withhold or remit taxes when paying out proceeds from a deceased person’s RRSP or RRIF. If you are the sole beneficiary named on an RRSP…
August 14, 2017 -
Major changes are coming to Canadian trust/estate rules commencing January 1, 2016
Estates will now be taxed at graduated income tax rates only for the first 36 months after death if the executor or administrator designates the estate as a Graduated Rate Estate (“GRE”).…
October 26, 2015
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