Published: February 25, 2022
It is important to ensure you do your due diligence regarding the tax characterization of your cryptocurrency and NFT portfolio before considering estate planning transactions. A well-researched memorandum written by expert Canadian tax lawyers can often serve as proof of such due diligence against future CRA reassessments beyond the normal reassessment period in addition to forming the basis for tax structuring your will to minimize taxes on death. Speak to one of our experienced Canadian crypto tax lawyers to come up with a will tax planning strategy that fits your individual cryptocurrency situation and minimizes taxes on death.
Disclaimer:
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."
