The Canadian Money Roadmap
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The Canadian Money Roadmap
Unpacking The $660,000 Tax Nightmare
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Evan Neufeld, CFP®
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Episode 166
In this episode, Evan discusses a recent news story about a family facing a $660,000 tax bill after both parents passed away in the same year.
He explains the tax rules around RRSPs, capital gains, and estate planning in Canada, and clarifies common misconceptions presented in the media.
The episode covers the importance of understanding tax implications, planning ahead, and communicating with family about estate matters. Evan also shares practical advice on strategies like life insurance and early RRSP withdrawals.
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