Foundations of Tax - Module 2

  • 14 Lessons

  • Duration

    68 Minutes

Instructors

Kirby Rosplock

Kirby Rosplock (Ph.D.)

Born into a very successful enterprising family, Kirby learned family wealth basics the way most affluent offspring do (or don’t) Read More

About Course

This module focuses on the taxes that specifically impact estates, trusts, and wealth transfers. The origins of these taxes are explored as well as their intentions. Read More

  • Share This Course

Overview

  • Learning Objectives

    1 Minutes 30 Seconds

Taxation and Trusts Overview

  • Introduction to Taxation of Trusts and Estates

    1 Minutes
  • Trust Residency

    6 Minutes
  • The Burden on Heirs When Settling an Estate

    9 Minutes 57 Seconds

Understanding Estate Taxes

  • Estate Tax

    3 Minutes
  • Estate and Inheritance Tax

    4 Minutes

Estate Freeze

  • Estate Freeze Basics

    4 Minutes
  • Reynolds Family Background

    1 Minutes
  • Minimum Effort Production Pre-Estate Freeze

    1 Minutes
  • Minimum Effort Production Post-Estate Freeze

    1 Minutes
  • Homework I - Estate Freeze

    30 Minutes

Understanding Generation-Skipping Taxes

  • Alternative Minimum Tax

    2 Minutes

Understanding Gift Taxes

  • Income Splitting

    4 Minutes

Conclusion

  • Wrap Up

    30 Seconds

Test Your Knowledge

  • Quiz Locked

This module focuses on the taxes that specifically impact estates, trusts, and wealth transfers. The origins of these taxes are explored as well as their intentions. Taxes for beneficial owners are more complex than they are for most Canadians. With an understanding of these taxes and one’s beneficial asset holdings, beneficiaries can work more productively with their advisory team. To this end, students will begin to learn about the tax landscape they face and how to take a more strategic approach through tax planning.

Estimated Completions Time: 1 hour

Featured Resources:

     Articles/Books

Customers Review

0.0 out of 5

0 customer ratings

  • 5 Star
    0
  • 4 Star
    0
  • 3 Star
    0
  • 2 Star
    0
  • 1 Star
    0
Eric F.
Mar 27, 2023
Great coverage on a wide range of topics beyond basic personal tax