Everything You Need to Know About an Estate Freeze
[vc_row][vc_column][vc_column_text] What is an estate freeze? How does it work? If these questions have been on your mind, then you are in the right place! Inside this guide, you will uncover one of the best ways to transfer assets from your estate to your heirs so that they are not saddled with an unexpectedly large […]
Is Now A Good Time To Undertake An Estate Freeze?
Learn what an estate freeze is and if it is a good option for you to use to make sure that you get the most out of your money. Here, we discuss when to undertake an estate freeze and ask whether now is a good time. As an example: As part of business succession, a […]
The Advantages Of An Estate Freeze
Learn more about the advantages of an estate freeze during estate planning here. Tax Advantages During Lifetime While the freezor is alive, it might be possible to split business income and capital gains among various family shareholders (normally using a trust), providing access to the marginal tax rates. The income attribution and tax on split […]
How Long Does The Estate Freeze Process Take?
The process of an estate freeze usually takes place through an exchange of shares using various methods. It can be a complex process. The individual exchanges the growth shares (common shares) for preferential or preferred shares whose value will remain stable- futureproof. Future increases in the shares’ value will benefit the freezor’s beneficiaries rather than […]
Should You Be Considering An Estate Freeze?
An estate freeze is just what it sounds like – a freeze on estate planning. Inside this guide, discover if you should consider an estate freeze. According to Investopedia, an estate freeze is an asset management strategy whereby an estate owner seeks to transfer assets to his or her beneficiaries, without tax consequences. That sounds […]
Why Do People Undertake Estate Freezes?
Have you been wondering why you should undertake an estate freeze? Then you’re in the right place! Find out about the reorganization of shares of the corporation to cap the value of some stock at the fair market value (FMV) at the time of the freeze. Why Do People Undertake Estate Freezes? Postpone payment of […]
Estate Freeze And Asset Management Strategies
Estate freeze strategies are a way of managing your assets to increase total wealth over time. Defined as, “the process of developing, operating, maintaining, and selling of assets in a cost-effective manner”, asset management is ever evolving. To positively enhance your capital, processes should boost the potential of assets while minimizing costs and risks. Just […]
Major Changes Affecting 2021 Taxes
We are right in the middle of tax season and it is that time when many of us feel stressed or confused about the various changes that come into effect every year. From documentation and deadlines, to provisions and exemptions, the Canada Revenue Agency (CRA) may alter the rules for numerous aspects of individual or […]
How To Implement An Estate Freeze
Have you been contemplating implementing an estate freeze, but unsure of how to go about it? Then you’re in the right place to learn about the steps required for this valuable estate planning tool, but before being able to learn about how to implement an estate freeze, we need to lean exactly what an estate […]
What Is An Estate Freeze?
What is an estate freeze? How does this type of estate planning work? Find out here. At the same time, make an appointment with your tax advisor to discuss your options as the information herein should not be considered a substitute for personalized wealth management advice. What Is an Estate Freeze? In a nutshell, an […]
