Estate Taxes Take a Real Bite Out of Your Dollar
The children gain twice as much joy from the receiving. They will be honoured and proud that their parents left a sizable legacy to a worthwhile charity. The only one who gets left out is the Tax Man at Canada Revenue Agency. Somehow most people aren't re...
President Obamas Proposed Income Tax Changes For 2011
The marital deduction is an important estate planning tool. It provides that any assets passing to a surviving spouse pass tax free at the time the first spouse dies (assuming the surviving spouse is a U.S. citizen). However, the marital deduction ends af...