📈 Business & Money
Estate Planning and Taxation in Canada
This course provides a comprehensive, practice-oriented roadmap to Canadian estate planning and taxation. Learners progr...
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Sections
1. Legal and Regulatory Foundations of Canadian Estate Planning35 views
Understand the legal landscape, provincial differences, and roles that shape estate planning across Canada.
15 topics (16 versions)
1.1Federal versus provincial jurisdiction in estates
2
14
1.2Succession law frameworks across provinces
3
1.3Common law provinces versus Quebec civil law
4
1.4Formal validity and execution of wills
1
1.5Beneficiary designations and contract law
1
1.6Forms of co-ownership: JTWROS vs tenancy in common
1
1.7Family law claims and dependent relief
1
1.8Probate and estate administration tax overview
1
1.9Executor/personal representative authority
1
1.10Powers of attorney: legal basis and scope
1
1.11Guardianship of minors and appointment
1
1.12Digital assets and access rights
1
1.13Privacy, confidentiality, and access to information
1
1.14Advisor roles: lawyer, CPA, CFP, trust officer
3
1.15Ethics, conflicts of interest, and capacity concerns
1
2. Core Tax Concepts at Death and for Estates21 views
Master the federal tax rules that drive estate outcomes, from deemed dispositions to special estate statuses.
15 topics (15 versions)
2.1Deemed disposition on death (ITA s.70(5))
6
2.2Spousal/common-law partner rollover (s.70(6))
2
2.3Graduated Rate Estate (GRE) status and timing
1
2.4Qualified Disability Trust (QDT) basics
1
2.5Capital gains inclusion rate and ACB
1
2.6Loss rules and superficial loss considerations
1
2.7Attribution rules and post-mortem exceptions
1
2.8Principal residence overview and timing
1
2.9Lifetime capital gains exemption (LCGE) overview
1
2.10Dividend characterization and integration
1
2.11Registered plans taxation on death
1
2.12Tax residency at death and deemed residents
1
2.13Foreign property reporting considerations
1
2.14Charitable donation credits at death
1
2.15Estate income versus terminal return income
1
3. Wills, Beneficiary Designations, and Family Law Impacts26 views
Design effective wills and designations while addressing family dynamics, provincial rules, and litigation risks.
15 topics (16 versions)
3.1Types of wills: formal, holograph, notarial
2
14
3.2Multiple wills strategies for probate planning
1
3.3Will substitutes versus will-based transfers
1
3.4Key will clauses: residue, specific and demonstrative gifts
1
3.5Survivorship, per stirpes, and per capita distributions
1
3.6Guardians and trustees for minors in wills
1
3.7Dependent support and variation claims
1
3.8Mutual wills and spousal agreements
1
3.9RRSP/RRIF/TFSA beneficiary designations
3.10Creditor protection and designation pitfalls
1
3.11Quebec succession terminology and structures
1
3.12Revocation, codicils, and republication
1
3.13Marriage, separation, and divorce effects on wills
3.14Planning for blended and non-traditional families
1
3.15Avoiding errors that lead to estate litigation
1
4. Probate, Intestacy, and the Estate Administration Process16 views
Navigate probate, small estate paths, intestacy rules, and the executor’s practical workflow and risks.
15 topics (15 versions)
4.1Applying for probate/estate certificates
2
4.2Estate administration tax/fees by province
2
4.3Bond requirements, waivers, and consents
1
4.4Intestacy distribution patterns and priorities
1
4.5Small estate procedures and affidavits
1
4.6Asset discovery, valuation, and liabilities
1
4.7Notifying beneficiaries and creditors
4.8Passing of accounts and court oversight
1
4.9CRA clearance certificates and audits
1
4.10Managing digital and crypto assets in estates
1
4.11Foreign assets and ancillary probate
1
4.12Estate debts, priorities, and insolvency
1
4.13Interim distributions, holdbacks, and releases
1
4.14Executor compensation, fees, and taxation
1
4.15Timelines, checklists, and common pitfalls
1
5. Incapacity Planning: Powers of Attorney and Personal Care18 views
Prepare for incapacity with durable mandates, decision-making frameworks, and protection against abuse.
15 topics (15 versions)
5.1Property POA versus personal care/mandate
4
5.2Selecting, substituting, and supervising attorneys
1
5.3Capacity standards and assessments
1
5.4Advance directives and living wills
1
5.5Supported decision-making and representation
1
5.6Quebec protection mandates and homologation
5.7Springing versus continuing POAs
1
5.8Safeguards against financial abuse
1
5.9Attorney duties, records, and compensation
1
5.10Housing transitions and long-term care funding
1
5.11Disability planning and Henson trust coordination
1
5.12RDSP considerations and POA authority
1
5.13Health consent and mental health statutes
2
5.14Adult guardianship/committeeship processes
1
5.15Cross-provincial recognition and portability
1
6. Trusts: Types, Taxation, and Practical Uses6 views
Leverage trusts for control, tax efficiency, and protection, while managing filings and fiduciary duties.
15 topics (15 versions)
6.1Inter vivos versus testamentary trusts
2
6.2Graduated Rate Estate trust status
6.3Qualified Disability Trust (QDT) requirements
6.4Spousal, joint partner, and alter ego trusts
6.5Tainted trusts and attribution pitfalls
6.6Trust taxation, T3 returns, and slips
6.721-year deemed disposition rule
6.8Income-splitting and attribution mitigation
6.9Preferred beneficiary and subsection elections
6.10Henson trusts for asset-tested benefits
1
6.11Insurance trusts as will substitutes
1
6.12Charitable remainder and split-interest trusts
1
6.13Funding, settlement, and deed provisions
6.14Trustee duties, investments, and liability
6.15Windups, resettlements, and variations
1
7. Registered Plans and Pensions in Estate Planning16 views
Plan the transfer and taxation of registered accounts and employer pensions efficiently at death.
15 topics (15 versions)
7.1RRSP/RRIF rollovers to spouse/CLP
4
7.2Designated versus annuitant succession
1
7.3TFSA successor holder versus beneficiary
1
7.4RESP subscriber death and options
1
7.5RDSP beneficiary death, DAPs, and LDAPs
1
7.6DB/DC pension survivor benefits
1
7.7Locked-in plans: LIRA/LIF/PRIF considerations
7.8CPP death benefit and survivor pensions
7.9Group plans, SEGs, and designations
1
7.10US 401(k)/IRA coordination and taxes
1
7.11Withholding, T4RSP/T4RIF, and slips
1
7.12Prohibited/advantage rules and penalties
1
7.13Contribution room and final-year planning
1
7.14Segregated funds and beneficiary bypass
1
7.15Probate avoidance using plan designations
1
8. Property, Investments, and Real Estate19 views
Optimize capital property outcomes, leveraging exemptions, losses, and ownership structures.
15 topics (15 versions)
8.1Principal residence exemption mechanics
5
8.2Multiple properties and designation strategy
1
8.3Cottages and s.70(6) spousal rollovers
1
8.4Rental properties, CCA, and recapture
1
8.5Private mortgages and promissory notes
1
8.6Non-registered investments and step-up
1
8.7Flow-through shares and loss planning
1
8.8Capital loss carrybacks to terminal return
1
8.9Corporate-class and T-series funds
1
8.10Art, collectibles, and personal-use property
1
8.11Cryptoassets: basis, wallets, and custody
1
8.12Life interests, usufructs, and rights of use
1
8.13Joint ownership and survivorship impacts
1
8.14Bare trusts and new reporting rules
1
8.15Family loans and prescribed-rate planning
1
9. Business Owners, Private Corporations, and Special Assets17 views
Implement post-mortem strategies, LCGE planning, and succession for closely held business interests.
15 topics (15 versions)
9.1Estate freezes and refreezes
3
9.2QSBC shares and LCGE eligibility
3
9.3Post-mortem pipeline strategy
1
9.4Subsection 164(6) loss carryback planning
1
9.5Sections 84.1 and 212.1 anti-avoidance
1
9.6CDA planning with corporate life insurance
9.7Purification for QSBC status
9.8Family farm and fishing property rollovers
4
9.9Buy-sell agreements and funding
1
9.10Key person insurance and valuation
1
9.11Private company valuation for probate
9.12Partnership and proprietorship succession
1
9.13Employee ownership and ESOP/MBO options
1
9.14Passive income grind and estate impact
9.15Trusts holding Opco/Investco shares
10. Insurance, Charitable Giving, Cross-Border, and Advanced Strategies15 views
Use insurance and philanthropy strategically, manage international issues, and integrate advanced planning tools.
15 topics (15 versions)
10.1Term versus permanent insurance in estates
1
10.2Inheritance equalization using life insurance
1
10.3Policy ownership and beneficiary structures
1
10.4Charitable bequests versus gifts by will
1
10.5In-kind donations and capital property
1
10.6Donor-advised funds and private foundations
1
10.7Flow-through share donation strategies
2
10.8US persons in Canada: estate and gift tax
10.9US situs assets and treaty relief
1
10.10Snowbird issues and departure tax
1
10.11Foreign reporting: T1135, T1142, T1161
1
10.12Multiple wills and probate minimization
1
10.13Family governance and letters of wishes
1
10.14Executor risk management and insurance
1
10.15Practical estate planning checklists
1