Author Archives for John Mendis

Die once, pay taxes twice.

Die Once Pay Tax Twice

January 2, 2020 2:44 pm Published by Leave your thoughts

Consequences of failing to plan for death. You may have heard the saying, if you fail to plan, you are planning to fail. This is the story of Canadian taxpayers who fail to plan for the inevitable, sacrificing significant amounts of their estate value that could have been transferred to the next generation. Yes, you may have heard the cliché that two certainties in life are death and tax. But did anyone tell you, you may have to pay a significant sum of your life savings in tax on death! This may be the case if you decide to pass