Tax and Estate Planning

Designing your plan for family and estate protection

The goals of estate planning includes:

Your estate plan will serve as a road map to guide others in handling your affairs and finances after you die. Preparing an estate plan now will help protect your family's financial well being.

The importance of estate planning:

What is estate planning?

If you die without a will, here's what happens to your assets:

Province Spouse Only Children only Spouse plus one child Spouse plus children
Alberta All to spouse All to children First $40,000 to spouse, balance split equally First $40,000 to spouse; 1/3 balance to spouse;
2/3 to children
British Columbia All to spouse All to children First $65,000 to spouse, balance split equally First $65,000 to spouse; 1/3 balance to spouse;
2/3 to children
Manitoba All to spouse All to children Either all to spouse or greater of $50,000, or half of the estate to spouse plus half of balance to spouse and half to children Either all to spouse or greater of $50,000 or half of the estate to spouse plus half of balance to spouse and half to children
New Brunswick All to spouse All to children Marital property to spouse; balance split equally Marital property to spouse; 1/3 balance to spouse;
2/3 to children
Newfoundland
and Labrador
All to spouse All to children Split equally 1/3 to spouse;
2/3 to children
Northwest Territories /
Nunavut
All to spouse All to children First $50,000 to spouse; balance split equally First $50,000 to spouse; 1/3 balance to spouse;
2/3 to children
Nova Scotia All to spouse All to children First $50,000 to spouse; balance split equally First $50,000 to spouse; 1/3 balance to spouse;
2/3 to children
Ontario All to spouse All to children First $200,000 to spouse, balance split equally First $200,000 to spouse, 1/3 balance to spouse;
2/3 balance to children
Prince Edward Island All to spouse All to children Split equally 1/3 balance to spouse;
2/3 balance to children
Quebec All to spouse All to children 1/3 to married or civil union spouse; 2/3 to child 1/3 to married or civil union spouse; 2/3 to children
Saskatchewan All to spouse All to children First $100,000 to spouse; balance split equally First $100,000 to spouse; 1/3 balance to spouse,
2/3 to children
Yukon All to spouse All to children First $75,000 to spouse; balance split equally First $75,000 to spouse; 1/3 balance to spouse;
2/3 to children
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