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The primary objective behind the use of either Intervivos Trusts or Testamentary Trusts in an Estate plan is to manage the transfer of wealth. Many people opt to transfer wealth using a trust because of the tax savings available from splitting income or because of the creditor-proof nature of a Trust. But there can be other more intriguing reasons to choose a trust. For example, I have recently seen an….

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Estate Planning

Joint Tenancy Tax Issues

Last week my colleague, Laura West, spoke about some of the non-tax pitfalls that can arise when transferring property into joint tenancy with a family member. This week I’m here to follow-up with a discussion of the tax implications that should be considered before changing ownership of property to joint tenancy…..

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Canada Revenue Agency, Estate Planning, Joint Tenancy, Probate Tax
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