Quote:
Originally Posted by bizaro86
It might, however, be a good idea to get those investments out of RRIFs and into non-registered accounts (or ideally TFSAs if there is room).
Paying tax gradually at low rates is probably better than being in the top tax bracket in the year of death because it all comes out at once.
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Oh for sure. But that is kind of independent of transferring assets to family members.
Overall most people with elderly parents are hopefully not in need of access to their future inheritance; if so they have bigger problems. By that stage of life you should have built the nest egg for your own retirement and that future inheritance can be used to help grandchildren successfully launch.