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Can a trust avoid tax on a deceased persons RRSP?
A trustee’s tax liability has limits, a court case suggests. In February 2010, a woman learned she had only months to live and took steps to put her financial affairs in order. She executed a codicil naming one of her three daughters as executor of her estate. She named the same daughter the beneficiary of her RRSP, the only significant property she owned.
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Original Article Source Credits: Advisor's Edge, https://www.advisor.ca
Article Written By: Doug Carroll
Original Article Posted on: March 23, 2021
Link to Original Article: https://www.advisor.ca/tax/estate-planning/can-a-trust-avoid-tax-on-a-deceased-persons-rrsp
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