JGBRS Accounts:

The joint gift of beneficial right of survivorship (JGBRS) account is an outstanding estate planning tool for your portfolio. A JGBRS account is similar to a non-registered account with the major difference that you can name successor accountholders on the account. The JGBRS account enables you to efficiently gift your wealth to loved ones & avoid both probate fees & the lengthy estate settlement process. The account opening process is very simple & beneficial for both you & your loved ones.

How Much Can You Save on Probate?

Each Canadian province and territory is different when it comes to probate fees. Here is an example of a few provinces and their probate fees on a $3,000,000 estate:

$41,650

$44,500

*Stats as of 2024. Please confirm with tax accountant or tax lawyer on exact probate fees.

Benefits of a JGBRS Account

  • No Probate Fees
  • Quicker distribution of assets
  • Reduction in family stress in a time of grief
  • Protects your family’s privacy
  • Maintain Complete Control of your Assets
  • No taxable disposition at account opening
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