https://www.realty.truewealthadvisors.ca/tag/probate-fees-on-property/ Recent content in probate-fees-on-property on True Wealth Advisors Hugo -- gohugo.io en-ca Fri, 25 Apr 2025 15:40:23 +0000 https://www.realty.truewealthadvisors.ca/2025/04/the-hidden-tax-implications-of-real-estate-in-retirement/ Fri, 25 Apr 2025 15:40:23 +0000 https://www.realty.truewealthadvisors.ca/2025/04/the-hidden-tax-implications-of-real-estate-in-retirement/ The Hidden Tax Implications of Real Estate in Retirement A Canadian Financial Planner’s Guide to Protecting Wealth and Planning Ahead Real estate is one of the most common ways Canadians build wealth. But as retirement approaches, many overlook one critical truth: Without the right planning, real estate can create a bigger tax bill than expected. As a financial planner, I regularly work with clients who are shocked by: How much tax they owe on the cottage or rental they planned to pass down The effect rental income has on their tax bracket The probate costs of passing property through their estate This post unpacks some of the most common tax pitfalls—and how to avoid them with a solid, faith-aligned strategy.