Strategies For Giving Assets And Income To Other Family Members

High-income taxpayers who have maximized their tax-preferred accounts may still have assets that produce highly-taxed income in their own names. Some parents worry about the tax liabilities that will result when they die and how to minimize that tax for their children. Whether current tax minimization or reducing tax on death is your priority, there are strategies and considerations to give assets and income to other family members. RRSPs Registered Retirement Savings Plans (RRSPs)...