Wilmot George

Tax & Estate

Wilmot George, CFP, TEP, CLU, CHS, is vice-president, Tax, Retirement and Estate Planning at CI Global Asset Management. Wilmot can be contacted at wgeorge@ci.com.

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Tax Strategies

FHSAs and the role of spouses

Help clients get the maximum benefit from these accounts

By Wilmot George |October 10, 2023

1 min read

Tax-loss selling: Superficial loss and identical property rules

Tax News

Tax-loss selling: Superficial loss and identical property rules

Help clients realize a capital loss while maintaining market exposure

By Wilmot George |April 26, 2023

1 min read

Selling real estate? The CRA is (still) watching

Tax Strategies

Selling real estate? The CRA is (still) watching

Transactions, including property flipping, require proper tax reporting

By Wilmot George |January 6, 2023

1 min read

What happens to non-residents’ RRSPs and RRIFs when they die?

Tax Strategies

What happens to non-residents’ RRSPs and RRIFs when they die?

A client scenario illustrates whether withholding taxes apply

By Wilmot George |August 15, 2022

1 min read

Love and taxes, Part II: Tax and estate planning for two spouses

Tax Strategies

Love and taxes, Part II: Tax and estate planning for two spouses

Tax rules offer flexibility when a client has both a spouse and a common-law partner

By Wilmot George |March 30, 2022

1 min read

Love and taxes: What the CRA needs to know about your intimate relationships

Tax Strategies

Love and taxes: What the CRA needs to know about your intimate relationships

Completing the T1’s marital status isn’t always straightforward

By Wilmot George |November 30, 2021

1 min read

Don’t let real estate add to relationship woes

Estate Planning

Don’t let real estate add to relationship woes

Consider the tax consequences before transferring property after a separation

By Wilmot George |July 19, 2021

1 min read

RRSPs, RRIFs and withholding taxes at death

Estate Planning

RRSPs, RRIFs and withholding taxes at death

The absence of withholding taxes can create unexpected consequences if no planning is done

By Wilmot George |March 19, 2021

1 min read

How to extract cash from a corporation

Tax News

How to extract cash from a corporation

Consider these options to avoid unexpected tax results

By Wilmot George |November 20, 2020

1 min read

Renting to a child while living in long-term care

Estate Planning

Renting to a child while living in long-term care

Find out if your client is still eligible for the PRE

By Wilmot George |July 22, 2020

1 min read

Long-term care and the principal residence exemption

Tax News

Long-term care and the principal residence exemption

Can your client claim the PRE after moving to assisted living?

By Wilmot George |May 5, 2020

1 min read

Can a surviving spouse split her income with her deceased spouse?

Estate Planning

Can a surviving spouse split her income with her deceased spouse?

More on pension income splitting for the year of death

By Wilmot George |November 15, 2019

1 min read

Selling real estate? The CRA is watching

Estate Planning

Selling real estate? The CRA is watching

What clients need to know about reporting transactions

By Wilmot George |July 18, 2019

1 min read

Is pension income splitting available for the year of death?

Estate Planning

Is pension income splitting available for the year of death?

Help your client’s family by understanding the tax rules

By Wilmot George |May 7, 2019

1 min read

Why clients should rethink deliberate TFSA overcontributions

Tax Strategies

Why clients should rethink deliberate TFSA overcontributions

Overcontributions can result in more than a simple penalty tax

By Wilmot George |December 11, 2018

1 min read

RRSPs at death: Do tax-deferred rollovers make sense?

Estate Planning

RRSPs at death: Do tax-deferred rollovers make sense?

There are some situations where a tax-deferred transfer might not be the best option

By Wilmot George |July 9, 2018

1 min read

How retirees can accumulate RRSP room

Estate Planning

How retirees can accumulate RRSP room

Find out what types of income add to the calculation of deduction room

By Wilmot George |February 22, 2018

1 min read

RRSPs and TFSAs: unused contribution room at death

Estate Planning

RRSPs and TFSAs: unused contribution room at death

Understand which one offers a planning opportunity

By Wilmot George |November 1, 2017

1 min read

Decorative pattern

Tax News

Navigate TFSA attribution rules

Find out the details

By Wilmot George |July 21, 2017

1 min read

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Estate Planning

Answer client questions about the Principal Residence Exemption and trusts

How do new PRE rules introduced in October 2016 change things?

By Wilmot George |May 1, 2017

1 min read

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