Estate Planning for Special Needs: Tax Tips for Financial Security 1 Credit
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Nov 15, 2024 | 10:00 AM
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Navigating the complexities of estate planning for individuals with special needs requires a nuanced understanding of available tax credits and recent legislative changes.
In this webinar, we will explore how to effectively utilize the Basic Amount and Disability Tax Credit to significantly reduce taxable income. This is exemplified by a case where these credits resulted in zero taxable income and no taxes paid over 22 years, yielding a tax savings of $137,500. This powerful example underscores the importance of leveraging tax credits to enhance financial security for individuals with special needs and their beneficiaries.
Recent changes to testamentary trusts have introduced new dynamics, mainly through “Qualifying Disability Trusts” and top-rate taxation for “graduated rate estates.” We will delve into these adjustments and their implications, including the protection afforded to Disability Tax Credit (DTC) eligible individuals and the limitations faced by other Canadians with disabilities.
Key topics covered:
Join us as we unpack these strategies, providing practical insights and answering your questions to help you optimize your estate planning efforts.
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Valid upto : Aug 25, 2026
Valid upto : Aug 25, 2026
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To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
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