You may already know what probate is and how it works. But are you interested to know some ways you may be able to mitigate its impact when you pass wealth to your heirs?
It’s a key part of managing a person’s estate when they die. But some Canadians know little about it. Here’s what you need to know about probate in Canada.
Beneficiaries in Canada don’t pay an inheritance tax like they do in the U.S. But learning how estates are taxed in this country may help you build an estate plan that can save money and ensure more of your assets go to your heirs.