Learn more about the Fundamental Retirement Plan: https://www.fundamentalwealth.ca/get-started

When it comes to estate planning, most Canadians focus on saving small amounts in probate fees, while overlooking the much larger tax bill that can impact their estate.

In this episode of Retiring Canada, we break down the difference between the “big tax” and the “little tax” and why focusing on the wrong one can lead to costly mistakes.

You will learn how income tax at death can significantly impact your estate, along with common probate planning strategies such as joint ownership and naming direct beneficiaries. We also walk through the potential risks and unintended consequences that can arise from these decisions.

We also introduce several strategies to help reduce your overall tax burden, including managing withdrawals in retirement, income splitting, and maximizing tax efficient accounts.

This episode is for Canadians who want to better understand estate planning and make more informed decisions about how their wealth is passed on.

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EPISODE RESOURCES:
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