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Estate flow tool · Ontario
Where does it go?
List what you own and how each piece is held. See how much reaches your family, and how much goes to income tax and probate.
Your situation
If you pass first, does a spouse or partner survive you?
Ontario's top combined rate is about 53.5%. A large lump sum in one year, such as an RRIF balance, usually lands near the top.
What you own
Example household. Change the numbers or remove items to use your own.
Follow the dollars
Each asset on the left takes a route, then ends up with your family, the tax office, or the court. Hover an asset to trace it.
Where to look first
Findings are ranked by size, and they update as you change the list.
Asset by asset
Ready to talk?
Please, have a seat. Bring this summary and we will go through it together, then look at what can change.
Emailfalk.hampel@cpwealth.ca
Call(519) 466-0243
Visit275 Front St N, Main Level, Sarnia, ON N7T 0C4
Webwww.falkhampel.ca
What this tool assumes
- You live in Ontario and all assets are in Ontario. Real estate elsewhere is not modelled.
- Probate means Ontario's estate administration tax: nothing on the first $50,000 of the estate, then $15 for each $1,000 above that. Assets with a named beneficiary or that pass to a joint owner are outside it.
- At death, investments and property are treated as sold at market value. Half of the gain is taxed, and the tool applies your chosen rate to it. An RRSP or RRIF is added to your final-year income in full unless it goes to a spouse or partner.
- One flat rate is used for everything. Real tax is progressive on the whole final return, so the actual figure will differ.
- A spouse or partner can inherit most assets tax-deferred. The tax shows as deferred, since it comes due when the second spouse dies.
- Your home is treated as a principal residence with no tax. Mortgages, debts, funeral and legal costs, and any gifts or charitable bequests are not included.
- An asset held jointly with an adult child is assumed to be half yours for tax. Whether it really belongs to the estate can depend on intent and the courts.
- Private company shares ignore corporate-level tax and the lifetime capital gains exemption.
- Illustration only. It is not tax, legal or investment advice, and rules change. Rules checked in October 2026.
Sources
- Ontario: Estate Administration Tax, rates, what counts toward the estate and what is excluded.
- CRA: Amounts paid from an RRSP or RRIF upon the death of an annuitant, rollovers to a spouse and to a dependent child's or grandchild's RDSP.
- CRA: capital gains inclusion rate update. The proposed increase to two-thirds was later cancelled, so one-half applies.