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New penalties for businesses that use illegal electronic sales suppression software
The Canada Revenue Agency (CRA) is aware that electronic sales suppression (ESS) software is being marketed and sold to Canadian businesses. As part o...

Reminder – Monday, June 16, 2014, is the deadline for self-employed individuals to file their 2013 income tax and benefit return
The Canada Revenue Agency (CRA) reminds self-employed individuals and their spouses or common law partners that this year’s filing deadline is midnigh...

Enjoy the benefits of filing on time and online
Did you know? Filing your income tax and benefit return and paying what you owe on time helps you avoid possible interest and penalty charges, and ens...

Reminder – File and pay on or before May 5, 2014 to avoid any interest to your 2013 income tax and benefit return
The Canada Revenue Agency (CRA) encourages you to use its quick, easy, and secure electronic services to file your income tax and benefit return on ti...

Stein Jacobs Krolik - Accountants

Estate Planning

    With the complex tax system we have in Canada it is increasingly more evident that a thorough organization of an individual’s wealth can substantially reduce costs and problems after death. Proper planning can ensure that your wishes are adhered to, your loved ones provided for and tax consequences minimized upon death. 

    At STEIN JACOBS KROLIK we provide services that will help you plan your estate. We can offer the necessary consultation for construction of a proper will. The introduction to various types of estate planning vehicles can alleviate tax costs at death. Utilization of trusts can offer significant flexibility and tax savings. These are only but a few aspects which we can incorporate into an individual’s estate plan to help retain his or her wealth.