Adding an Adult - Child to Your Property? What are the hidden risks.

Find out what are the key risks to consider when adding an adult to the title of your property or portfolio. When adding a joint owner to ownership structure, there is a potential for probate by - pass.
Most Canadians have significant deferred estate tax liability (income tax), probate is generally not substantial compared to the estate tax liability.

Here is link to find out about Probate Fee by each Province / Territory
www.taxtips.ca/willsandestates/probatefees.htm

EXAMPLE
Probate Fees on $1 million For Each Province / Territory (For Illustration Purposes Only)
British Columbia $13,650
Alberta $525
Saskatchewan $7,000
Manitoba $0
Ontario $14,250
Quebec N/A
New Brunswick $5,000
Nova Scotia $16,258
Prince Edward Island $4,000
Newfoundland & Labrador $6,054
Yukon $140
Northwest Territories $435
Nunavut $400


If you have any further questions about this video or any financial planning questions, I recommend finding a certified financial planner in your area or  booking a discovery call with us to get your plan on track.  You can email  [email protected]  or call (236) 521-5708 (Vancouver, BC) and we will schedule a discovery call / meeting with you.

Тэги:

#aaron_gunn #adult #danataranova #dave_ramsey_budgeting #david_lin #dimash_kudaibergen_sos #dr._david_martin_corona #estate_planning #estate_tax #kai_cenat_gaming #meet_kevin #meidastouch #probate #probate_fee #rafal_zaorski #retirement_planning #roody_rıch #silk_road_2.0 #swasan_di_mala_bhai_harbans_singh_ji #tax #will

Скачать видео