Estate Planning in Downtown Toronto

At GTA Accounting, we give you peace of mind by providing estate planning
services to you and your family. So make your estate plan now to help your loved ones
and keep your investments in the family.

Estate Planning Services in Downtown Toronto

Estate planning means transferring your assets to any individual. At GTA Accounting, we make sure that the administrative fees is minimum and other taxes and expenses whenever you pass on your assets. Usually, the beneficiaries are the children, but it could be anyone or any organization that you want.

Our estate planning services in downtown Toronto include:

  • Advice from experienced estate planning consultants
  • Retirement planning
  • Will planning & drafting

At GTA Accounting, we have highly experienced, vastly knowledgeable, and skilled estate planning professionals in Downtown Toronto. They guide you throughout the entire estate planning process and create a personalized plan that suits your needs and ensures the maximum value of your estate.

Estate planning is a highly complicated task. That is why we do not recommend doing it on your own. Instead, we simplify it for you, so you don’t have to worry about anything. In addition, we have a team of highly qualified CPA experts who will guide your family and ensure that your loved ones are always protected. We make sure that your wealth and estate are transferred to your loved ones or whoever you want in a smooth and timely manner.

Our estate planning services in Downtown Toronto keep an eye on all the details and the potential tax consequences of the estate. For example, at the time of your passing, the Canadian tax rules have “deemed disposition,” which is basically a tax. It means that all your investments are sold at the time of passing and are liable for taxes. This tax could become quite substantial if you have significant assets and investments. At GTA Accounting, we have highly experienced estate planning professionals who anticipate such taxes and create a plan of action to minimize them.

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Discover how we can help you with Estate Planning and create a customized tax strategy for you.

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Helping You With Estate Planning in Downtown Toronto

Sitting down with your family and planning your estate is not an easy task. Various issues come up between you and your family. At our accounting firm, we have estate planning pros who have experienced all sorts of problems during their years of experience. They have helped and guided many families through this process, step-by-step. They build an efficient and practical estate plan which ensures that you and your loved ones are taken care of, and the entire process goes smoothly.

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Estate Planning Accountants in Downtown Toronto

Our CPA helps you out and guides you throughout the entire transfer process. Not only that, but they also assist you with your estate planning, retirement planning, as well as drafting your will. Our CPA experts make sure that your family is protected and your estates and assets are distributed in a timely and orderly fashion.

Our accounting firm can assist in the following ways:

  • We have the experience and skill in filing taxes after death
  • Our CPA helps you clarify your goals and make changes in your will to minimize the amount of tax
  • We provide well thought out action plans that help you reduce taxes after retirement or upon death

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How To Go About Estate Planning in Downtown Toronto?

Estate planning in Downtown Toronto is exceptionally complicated, just as it is everywhere else. You have to keep an eye on your objectives as well as your assets. GTA Accounting is here to make it all easy for you. Here is what you need to start the process of estate planning in Downtown Toronto:

  • Gather your essential documents. These could be your real estate documents, bank account statements, tax returns, insurance policies, and any existing wills, as well as your Powers of Attorney.
  • Determine the objectives of your Estate plan.
  • Determine your current financial situation and confirm your assets and liabilities.
  • Think about how you want your estate to be distributed.
  • Consider your executors—the people who will carry out your wishes as outlined in your Will.
  • Prepare your Estate plan, including your Will, Powers of Attorney, and other similar documents.

Choosing the Right Executor in Downtown Toronto

An executor’s job is highly complex, and that is why you need an excellent executor. It would help if you had someone decisive, managing all conflicts among beneficiaries and otherwise, good communicator, and financially savvy. They should be on top of their game with accounting and taxes.

You may be thinking about making your loved ones or your primary caregiver your executor, but that might be a wrong move. What you need is a person who is a professional at handling this job. You need an accounting firm on your side that can provide expert advice, guide you and your loved ones throughout the process, and make sure that the process is streamlined. That’s where GTA Accounting comes in. Talk to our representatives NOW!

  • We have the experience and skill in filing taxes after death
  • Our CPA helps you clarify your goals and make changes in your will to minimize the amount of tax
  • We provide well thought out action plans that help you reduce taxes after retirement or upon death

Why Choose GTA Accounting?

Every year in Canada, legislators tweak and twist financial laws, leaving the average individual and business owner at a loss when faced with making financial decisions. We stay on top of new financial and tax laws on your behalf and offer custom made tax accounting and financial advice to help you and your business develop budgets and set financial goals. Still not convinced about what makes us a professional accounting firm? Read further below:

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If you're ready to find out how an Accounting firm in Downtown Toronto can help you maximize your tax strategies, contact us for a Free Consultation.