Trusts and Estates

EPR provides a full range of trust and estate services designed to preserve or transfer your assets and save tax.

Trust Taxation and Planning  

Trusts are effective tax planning tools used to transfer assets to designated beneficiaries in estate planning and reorganization situations. There are many different types of trusts used for different purposes. Legislation and tax rules affecting trusts are complex and many factors must be considered when trusts are being set up. EPR can advise on the most appropriate trust structure for your specific situation and goals.

We assist by working with you to develop a tax plan that considers the tax implications and intricacies of your particular situation and then providing instructions to lawyers for the preparation of the required legal trust agreements. In addition to tax planning, we provide trust accounting services that include the preparation of the trust's financial statements and the annual trust tax returns and elections required by CRA.

Estate Planning and Administration

A well crafted estate plan helps ensure the transfer of your personal and business assets to your heirs in an orderly and tax efficient manner according to your wishes, with fewer complications and delays.

No matter what your age, EPR can help you map out a written estate plan designed to achieve your desired goals and get your assets into the hands of your heirs in the most tax efficient manner. Our estate planning services include,

• Will planning
• advising on the use of trusts
• corporate reorganizations
• estate freezes
• instructing lawyers
• preparing all required tax returns before and after death
• obtaining Clearance Certificates from CRA
• assisting with other estate administration matters.

If you have been appointed as an Executor you have legal responsibilities that could expose you to personal liability. Because of the complex nature of the tasks involved, it makes good sense to retain the services of a professional accountant to advise on financial and tax matters and ensure that all of CRA's regulatory and filing requirements are met. For those who wish to appoint someone other than a family member or friend as Executor of your will, EPR is qualified to act as an Administrator for an estate. For more information on your obligations as an Executor, or for assistance in settling an estate, please contact the estate professionals at EPR.

                                                 Click here for more info, Will You be my Executor?

You benefit by maximizing your tax savings while ensuring the orderly transfer of your assets to beneficiaries or preserving the value of your estate for your heirs. The result ? You gain the peace of mind that comes from being well prepared and knowing your financial affairs are in good order.