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Final Tax Bite

Rolling-over taxable assets to a spouse is simple. But transferring taxable assets to other heirs can have tax consequences. If you should die without a living spouse, its as though you liquidated all your assets the moment before your death, and any taxes due must be paid by your estate. Your heirs will receive only what remains. Fortunately, in most circumstances, you can pass along your principal residence to your heirs without paying tax, but if you have registered investments, stocks, mutual funds, a cottage, other real estate, or a business, a significant portion of your estate may be eroded by taxes. The good news is you can do something about it now.

Use this calculator to estimate how much tax is owing on your estate and contact us to see how we can help you transfer it to your heirs intact.