Community FAQ

How can estate planning help minimize taxes?

Estate planning reduces the tax burden on heirs and helps keep more of your assets within the family. While federal estate taxes may not apply to everyone, provincial estate or inheritance taxes might. For higher-net-worth individuals, strategies such as gifting, charitable giving, and the use of trusts can play a major role in tax efficiency.

Answered by Shannon Neely, Shannon Neely Financial. Based on The Importance of Estate Planning.