Are you ready to dive deep into the world of Family Trusts?

I've noticed a growing trend recently more and more clients have been popping the question, "Should I set up a Family Trust for my real estate investments?

Family Trusts can save you a lot on taxes, but they also have some drawbacks. Some of these aren't even about taxes!

So today, we'll look at the good and the bad of Family Trusts. We'll also talk about how they can help you with taxes when someone dies in Canada, something we touched on in our last youtube video:    • What You Need to Know about Tax Impli...  

We're also going to look at a reallife example of how a Family Trust can help you save money on taxes if you're a real estate investor.

So let's get started and learn how to save on taxes together!

Key Moments In This Episode
========================
00:00 Introduction to Family Trusts: Pros and cons
02:40 Challenges with Family Trusts: Costs, 21year rule, and asset distribution issues
05:22 Advantages of a Family Trust: Tax deferrals and flexibility
08:03 Using Family Trusts for asset control
10:47 Avoiding capital gain tax through Family Trust property transfer
13:32 Using Family Trusts in estate planning
16:26 Tax planning strategies to minimize liabilities in Family Trusts
18:46 Controlling and reducing taxes through a Family Trust

If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible.

Don’t forget to subscribe to my channel for more videos on Canadian real estate and taxsaving strategies so you don’t miss a thing!



Please make sure to speak to a professional that knows your personal situation before making a decision.

If you need to talk to someone on my team, email us at [email protected].



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