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Ask MoneyTalk: Will I be taxed on my inheritance? [Video]

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– It might be bittersweet to receive an inheritance from a loved one. But it might be awkward news if you find out you might have to pay tax on it. Georgia Swan is a Tax and Estate Planner with TD Wealth. She's here to talk to us about some options about inheritances and taxes. Georgia, great to see you. Here's the question today. It's simple. I just received an inheritance. Do I need to pay tax on it?

Well, that's a question I get quite often, Kim. And actually, unlike the United States, Canada doesn't have inheritance tax, or doesn't really tax beneficiaries. But that doesn't mean that the deceased person and their estate are not taxed.

So I think a good way of looking at this as maybe getting a little bit of understanding of what happens when somebody passes away from a taxation perspective. So let's take …

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Riskalyze Fintech Report Card: July 2021 [Video]

Join Riskalyze CEO Aaron Klein for the July 2021 edition of the WealthManagement.com Fintech Report Card. This month, Aaron looks at the SEC's probe Schwab's robo advisor, AssetMark's acquisition of Voyant, a new user experience for CircleBlack, Envestnet's technology roadmap, Robinhood's record FINRA fine, JPMorgan's acquisition of OpenInvest, a new executive at Intelliflo, and what Broadridge's acquisition of AdvisorStream means for advisor marketing.

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Roth Conversions can be a good way to prospect and find out your client's total asset holdings. Stand out from your competitors and become a Roth Conversion expert by joining us for this webinar.Other benefits of Roth Conversions:No RMDs for owner and/or spouseTax free componentAnyone who has a traditional IRA is a candidateTaylor Jurek with Allianz is going to go over the ease of doing Roth Conversions with Allianz. He will also be discussing a 25% Bonus they have going for a limited time, as well as introduce the Auto Lock Capabilities you can use on Allianz products.

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Building a portfolio that gives you opportunities to grow your savings and have a level of protection during downturns can be a challenge — but it’s possible with Lincoln Level Advantage indexed variable annuity. The 6-year annual lock is one of several indexed account options available. To learn more, visit http://www.lfg.com/LevelAdvantage