7 Estate Planning Strategies Every Canadian Should Know

How to avoid estate taxes in Canada: 7 strategies the top 1% use to leave more to family and less to the government. Book an Ontario estate planning clarity call with Ron: https://calendly.com/ron-swpp/intro-call Canada has no formal estate tax. Instead, there is a deemed disposition on death. Your assets are treated as if they were sold the day you died, and the tax lands on your final return. A $2 million Registered Retirement Savings Plan (RRSP) that can't be rolled over can mean a tax bill of over $1 million. In this video, Ontario estate planner Ron Cooke explains how estate taxes work in Canada and how to plan for them. He covers trusts, life insurance, corporations and the estate freeze. He also shows how properly structured life insurance can grow your family's wealth, not just protect it. Stay to the end to hear why your will should be the last step in your estate plan, not the first. CHAPTERS 00:00 - Intro 00:47 - How Estate Taxes Work in Canada 01:47 - The Wrong Way to Avoid Taxes at Death 02:56 - Strategy #1 - Do Nothing 03:29 - Strategy #2 - Gifting Assets 04:07 - Strategy #3 - Selling Assets 04:52 - Strategy #4 - Use Life Insurance Correctly 05:58 - Strategy #5 - Pros and Cons of Trusts 06:56 - Strategy #6 - Setting up a Corporation 07:33 - Strategy #7 - Estate Freeze 08:43 - The Problem with Your Will 9:52 - Ontario Residents ABOUT RON COOKE Ron Cooke is an Ontario estate planner and the founder of Strategic Wealth Protection Partners. For over 35 years, he has helped real estate investors and business owners build clear, tax-efficient estate plans that protect and grow family wealth for the next generation. Website: https://swpp.ca/ DISCLAIMER This video is for general education only. It is not tax, legal or financial advice. Tax rules change and every situation is different, so speak with a qualified professional before you act. #EstatePlanning #EstateTaxCanada #OntarioEstatePlanning