I think RESPs are a good example of a vehicle that encourages saving for the next generation, for a specific purpose. RRSPs and TFSAs are well established mechanisms to encourage saving for an individual’s future. How about a combination of those that encourages you to sock away money for the next generation, but like those other programs have limits on how much you can save. Outside of this program make inheritance tax progressively higher for different levels of wealth.
It’s a bit more complicated if your assets are property or stock...there would need to be some way to paper transfer assets without triggering sales.
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