Estate taxation is always a troublesome area for those planning their wills. However, don't be intimidated by estate taxation; hearing the basic rules boiled down into bite-size pieces can really help. I've come across an article by BC lawyer Richard Weiland that gives the basic rules of taxation on estates. He talks about the fact that Canada does not have estate taxes, but does have probate fees that in some provinces are referred to as estate taxes. Click here to read the article.
The site that carries the article is called www.financial-articles.ca. This is a collection of articles by Canadian experts in the areas of credit and debt, insurance, investments, law and legal, and taxation. The articles are curated; in other words they are not posted by the authors of the articles, but are chosen by the site administrator. It's a great resource for Canadians, so why not bookmark it?
Two of my articles have been included in their collection so far, and I hope a few more will soon be there.
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