You've worked hard to build your wealth in Surrey. Smart Tax Estate Planning ensures your family keeps more and the CRA takes less. We help you protect your home, business, and savings from high probate fees and death taxes.
Real estate values in the Fraser Valley are at an all-time high. Without proper Tax Estate Planning, your estate could lose 30-50% to capital gains and government fees.
Your main home grows tax-free. We ensure you designate assets correctly to pay zero capital gains on your main property legacy.
Use the Lifetime Capital Gains Exemption to pass shares to family tax-free up to $1.25 million. We help your business qualify.
Many assets can skip the 1.4% BC probate fee entirely if set up correctly before you pass away.
In BC, probate is the legal process used to confirm a will. The government charges a fee based on the value of your estate. With Surrey's property values, these fees add up quickly.
We ensure your final tax returns are accurate. If records are messy, we offer Bookkeeping Cleanup to help your executor settle the estate faster.
CRA treats death as if you sold everything you own at once. Without a plan, your family must find the cash to pay the tax bill within months.
Rental properties and business shares trigger tax on 50% of value increase at death.
Unless passed to a spouse, $500k in RRSPs can trigger a $225k tax bill immediately.
Family cottages are not exempt. Families often sell them just to pay the CRA tax bill.
Without a plan, bank accounts and business shares can be frozen for months during probate.
Our methodology combines tax expertise with knowledge of BC property laws to protect your family legacy.
We add up your Surrey home, RRSPs, business value, and life insurance policies to see the full picture.
We calculate exactly what the CRA and BC government will ask for based on your current assets.
We use trusts, spousal rollovers, and exemptions to legally lower the amount of tax your heirs will owe.
We review your beneficiaries and work with estate lawyers to finalize your plan and ensure its safety.
Whether you are a retiree or a business owner, we provide the tax strategy you need to protect your wealth.
Protecting your family starts with clear answers about inheritance and the CRA.
No, there is no direct tax on money you inherit. However, the deceased person's estate must pay all final income and capital gains taxes before money is given to beneficiaries.
A spousal rollover allows you to transfer assets like RRSPs to your spouse without triggering tax. This defers the tax bill until your spouse passes away.
Yes. Naming a charity as a beneficiary creates significant tax credits that can offset the taxes owed on assets like a family cabin or business shares.
An estate freeze locks in the value of your business shares today. All future growth belongs to your children, which significantly reduces the future tax bill for your heirs.
Do not leave your loved ones with a tax mess. Phoenix Knight Financial Services provides practical Tax Estate Planning and legacy guidance for Surrey and New Westminster residents.
