It is important to be ready for the two certainties in life: death and taxes. A good estate plan will help maximize benefits and reduce taxes in the event of death and/or potential incapacity. 

If paying your taxes seems complicated, the morality of finishing the job isn’t, according to Catholic authorities from St. Thomas Aquinas through to Pope Francis.

When you start considering who should inherit various parts of your estate and other assets, think about the most tax-effective solutions that avoid creating tax burden for your beneficiaries. 

Given the large number of aging baby boomers, the next 10 years will see a dramatic increase in intergenerational transfer of wealth. Many business owners have worked their entire lives and have a significant portion of their net worth tied up in these businesses.

If you are thinking of a charitable gift or bequest to a charity, it is prudent to consider the assets that appreciate in value and are subject to a capital gains tax.

Pay unto Caesar what is Caesar’s, said Jesus, yet few topics rankle people more than taxes.

When it comes to giving to the Church, the adage that cash is king is not necessarily true. 

The clergy have never been an outstanding revenue source for governments, yet some clergy are volunteering to pay more taxes.

Rabbi Stephen Wise of Shaarei-Beth El Congregation in Oakville, Ont., is forming Faith Leaders for Fair Taxation. Modeled after Doctors for Fair Taxation and Lawyers for Fair Taxation, Wise wants to provide a platform for all clergy to ask governments to increase taxes.

People have to stop thinking of taxes as a dirty word, said Wise.