BMO Nesbitt Burns
55 Water Street West
Who deserves the most from your estate... the government or your heirs?
With a little pre-planning the choice can be yours.
people don’t realize the tax liabilities hidden within their estate.
Did you know that at death your property is assessed at fair market
value and any capital gains are taxed? While your primary residence is
exempt, the family cottage is not. The value of your RRSP or RRIF is
also taken into income and fully taxed.* The resulting taxes can be
substantial, and to cover the costs your heirs may be forced to sell
property or liquidate investments. But with a well-designed estate plan,
you can preserve these assets and make sure they are distributed
according to your wishes. If you’d like an assessment of the tax
liabilities in your estate or want to learn about developing an estate
plan to preserve your assets, please contact us.
insurance products and advice are offered through BMO Nesbitt Burns
Financial Services Inc. by licensed life insurance agents,
and, in Quebec, by financial security advisors.
® "BMO (M-bar roundel symbol)” is a registered trade-mark of Bank of Montreal, used under licence.
® "Nesbitt Burns” is a registered trade-mark of BMO Nesbitt Burns Corporation Limited, used under licence.
* Unless there is a rollover to spouse or child as defined under The Income Tax Act.