In a recent development, the Canadian tax planning community received reassuring news from the CRA regarding post-mortem “pipeline planning.” Despite revisions to the general anti-avoidance rule (GAAR), the CRA maintains its position on the planning technique, offering stability to tax planners. However, estate planning is still complex and requires consideration of factors beyond tax planning, with estate liquidity planning standing out as a critical one.

Regardless of the post-mortem strategy undertaken to avoid double taxation on assets, estate liquidity is necessary to cover at least one remaining layer of tax.

Read more about how to effectively protect your wealth in this month’s issue of CPABC In Focus Magazine, where ZLC Advisor, Farzin Remtulla, discusses the importance of post-mortem planning and shares his perspective on various tax and liquidity planning techniques.

View his full article here!