Recent change – Estate planning

Module 10 – Planification successorale

13 Nov 20241 min read

  • Quebec's new parental union regime makes significant changes with regard to estates by recognizing the inheritance rights of a common-law spouse in the absence of a will where the couple had or adopted a child on or after June 30, 2025.

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Section 10 - Estate Planning

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1- Family business

Sound tax and financial planning allows individuals to accumulate and grow wealth, thereby making it possible for them to meet their spending objectives
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2- Estate freeze

Tax legislation provides that taxpayers are deemed to dispose of all of their property at FMV immediately prior to death (see Section XI). This can produce a significant income tax liability in the year of death, thereby eroding the estate that is passed on to the beneficiaries.
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3- Trust

As the average life expectancy of Canadians is increasing, retirement income requirements must be planned with care. With this in mind, taxpayers planning on
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4- Life insurance

Life insurance is a fundamental estate planning tool. Tax-exempt amounts received at the time of the beneficiary's death can be used to replace lost income
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5- Will planning

To retain control over property accumulated over the years, protect the financial interests of loved ones and leave an estate in accordance with one's
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