Who will inherit your estate? Is your strategy tax-efficient? Did you take any measures to make your heirs’ lives easier when the time comes? And have you given any thought to making a planned gift to a charitable organization?
Your Caisse populaire can help you make succession liquidation easier and ensure proper planning for key factors involved in the transfer of your wealth and assets (such as the tax implications for survivors).
The content of the following section is purely informational. Its goal is not to provide specific guidance, and the examples provided may not necessarily apply to your circumstances. Your Caisse populaire recommends you seek the advice of an advisor or other professional before taking action.
Estate planning assistance
Estate planning assistance is available to members who would like the Caisse populaire’s help throughout the estate planning process.
The service is offered by your Caisse populaire advisor or financial planner.
- Informs you about the importance of estate planning.
- Gives you the support of a team of experts.
- Leads you through all the steps required for effective estate planning.
- Makes the estate administration process easier.
- Helps you save time and reduce estate administration expenses.
Key factors in estate planning
- Know the tax implications: A few tax measures taken now could help you avoid a heavy tax burden on your estate later.
- Draw up a will: Everything you need to know about wills and choosing an estate trustee.
- Set up an express trust: Information to help you determine the type of trust best suited to your estate and goals.
- Donations and bequests: A well-designed tax strategy can help you support a cause you care about without penalizing your heirs.
- The importance of life insurance: To enable your heirs to pay estate taxes without having to liquidate any assets.
- Estate freezing: Cap the value of your estate at its current value and allow future growth in the value of the assets to accrue to your heirs.
- Power of attorney: Protect yourself and give someone the power to administer your property in the event you become incapacitated by an illness or accident.
Get more information
- Canada Revenue Agency : The Canada Revenue Agency (CRA) registers qualifying organizations as charities, gives technical advice on operating a charity and handles audits and compliance activities.
- Gouvernment of Ontario, Ministry of the Attorney General : Frequently asked questions about wills
- Gouvernment of Ontario : What to do when someone dies