Foundations of Tax - Course 2 (Canadian)

  • 14 Lessons

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 course 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

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Overview

  • Goals

Taxation and Trusts Overview

  • Introduction to Taxation of Trusts and Estates

  • Trust Residency

  • The Burden on Heirs When Settling an Estate

Understanding Estate Taxes

  • Estate Tax

  • State Estate and Inheritance Tax

Estate Freeze

  • Estate Freeze Basics

  • Reynolds Family Background

  • Minimum Effort Production Pre-Estate Freeze

  • Minimum Effort Production Post-Estate Freeze

  • Estate Freeze Homework

Understanding Generation-Skipping Taxes

  • Alternative Minimum Tax

Understanding Gift Taxes

  • Income Splitting

Conclusion

  • Wrap Up

Test Your Knowledge

  • Quiz Locked

This course 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.

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