Monthly Archives: October 2014

Death, Taxes and the CRA

As the Executor you are not only responsible to the beneficiaries, the Canada Revenue Agency (CRA) is the first and last creditor of an estate. CRA will hold you personally responsible for non-payment of any taxes if you have made distributions to the beneficiaries and there is not enough money left to pay all outstanding taxes.

Additionally, from the date you become an Executor it may take over 3 years to complete the responsibilities for tax filings and payments. How do you manage?

Are Your Digital Assets Secure?

document 4Password security has recently been in the news with the theft of Jennifer Lawrence’s password and download of personal photos. Improving security and having a secure way to share passwords with your executor will reduce the risk of losing digital assets.

Reviews of various password managers identify individuals hold importance on the convenience and security of the program across any type of platform. Users want the ability to navigate seamlessly throughout the service and easily find what they’re looking for. They want security that their personal information is confidential and in safe hands. However, these aren’t the only factors that contribute to a successful password manager. There are four main criteria to keep in mind when searching for a password manager.