@gauravsoodtiktok: Should you leave your RRSP directly to your children? It may sound like the simplest way to pass down what you’ve built, but there’s an important tax issue many Canadians overlook. When you die, the remaining value of your RRSP is generally included as income on your final tax return unless a specific rollover or exception applies. That can create a significant tax bill before your estate ultimately reaches your family. So the real question isn’t simply, “Who should inherit my RRSP?” It’s: How does my RRSP fit into my overall estate plan? Your RRSP, TFSA, real estate, non-registered investments, insurance and other assets can all have very different tax consequences at death. Good estate planning isn’t just about deciding who gets what. It’s about understanding what they actually receive after tax. The goal is to leave your family a well-structured estate, not an unexpected tax problem. ______________________________________ Disclaimer: This content is for educational and informational purposes only and does not constitute financial, legal, tax, investment, or other professional advice. The concepts, strategies, and examples discussed are general in nature and may not be suitable for your specific situation. Always consult a licensed professional in your jurisdiction who can assess your individual circumstances before making any decisions. Past performance or hypothetical illustrations are not guarantees of future results. All investments involve risk, including the potential loss of principal. Any tax-related information is based on current Canadian rules and may change without notice; application and eligibility may vary by province or territory. This content does not constitute a solicitation to buy or sell any product, security, or service, nor does it endorse any specific provider. Viewers are solely responsible for their own financial decisions and outcomes.

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2026-09-12 19:14:20

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