I've encountered numerous instances where financial advisors provide oversimplified advice that might sound beneficial in the short term but prove costly in the long run. A common piece of advice is to "keep your RRSP/RIF as long as you can…
One intent behind the preparation of a will should be to ease the administration of your estate. Your solicitor should have a clear understanding of your obligations because in addition to creditors for debts of the deceased and the estate,…
In the intricate process of estate planning and will preparation, the expertise of an accountant is invaluable. While the solicitor's role is integral, encompassing the validation of the will, ensuring legal compliance, and safeguarding against undue influence, an accountant's contribution…
As a Trust and Estate Practitioner (TEP), I frequently encounter inquiries regarding the necessity of drafting a will. The absence of a will upon an individual's death results in what is legally known as intestacy. This situation not only complicates…
In the complex landscape of wealth transfer and inheritance planning, legal and ethical considerations intertwine, especially within the Canadian context. As a tax advisor and trust and estate practitioner, understanding the multifaceted nature of these processes is crucial. Canadian law,…
Introduction Retirement and estate planning are vital components of financial security, ensuring that you enjoy your golden years comfortably and leave a lasting legacy for your loved ones. At Shajani CPA, a top 10 tax advisory firm in Canada, we…
Introduction to Trust Taxation As trustees, you wield significant responsibility, overseeing the financial health of a trust and ensuring compliance with Canadian tax law. Navigating the taxation landscape requires a nuanced understanding of trust taxation, and the guidance of seasoned…
In the realm of estate management, the executor's role transcends mere administrative tasks; it is about upholding a family’s financial legacy through prudent tax planning and foresight. At Shajani, we specialize in steering high-net-worth families and their family-owned enterprises through…
Introduction Trusts are a powerful tool in financial planning, offering a strategic way to manage and protect assets, provide for beneficiaries, and optimize tax obligations. At Shajani CPA, our expertise in trusts is unmatched. With our team's impressive credentials, including…
Estate planning is an essential process that involves making plans for the transfer of your estate after death. It's a crucial step in managing your financial future and ensuring that your assets are distributed according to your wishes. In this…