Protecting your estate – Allowing your legacy to live on

The largest burden on your estate can be the taxes owing on assets accumulated over time. For example, registered assets, including registered retirement saving plans (RRSPs) and registered retirement investment funds (RRIFs), are subject to tax as high as 46.4 per cent in the year of death.

Often assets, including your business, mutual funds, stocks, segregated funds, vacation property, growth in real estate values and other property, may also be taxable in year of death.

The Protecting your estate concept is a cost-effective strategy for funding these tax liabilities through a life insurance policy.

The Protecting your estate concept is designed for individuals who:

• Have accumulated wealth in capital assets
• Are worried about leaving their family with a large tax burden
• Want to ensure that the majority of their estate is passed on to their heirs and/or a favourite charity
• Want to provide funding for final expenses, outstanding debts, legal fees, probate fees and taxes