Insights

Tranquility Blog

Practical Canadian tax reading, without the jargon.

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LatestJuly 23, 202612 min read

What Happens to Your RRSP or RRIF When You Die?

Your RRSP and RRIF at death can trigger a large, immediate tax bill for your estate. This article explains the rules, key rollover options, and practical planning steps to protect your family.Read the article

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June 30, 20266 min read

Unreported Income or Foreign Assets? Canada’s New Voluntary Disclosures Program

Canada’s updated Voluntary Disclosures Program offers better penalty and interest relief for Canadians with unreported income or missed filings. Learn what changed in 2025.

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May 25, 20266 min read

The Estate Planning Gap: What BC Families Risk by Waiting

Discover why half of Canadians lack estate plans and the costly mistakes that put BC families at risk. Learn how to close the estate planning gap today.

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March 3, 20267 min read

The Hidden 21‑Year Deadline Inside Your Family Trust — And How to Defuse It

Learn how Canada’s 21‑year deemed disposition rule affects family trusts, business owners, and high‑net‑worth families. Understand key risks, timing, and high‑level planning options to protect your estate.

January 20, 20265 min read

How to Protect Your Estate When Your Children Live Abroad: 3 Critical Tax Surprises

Your children abroad face hidden tax surprises on inherited Canadian assets. Learn the three critical estate planning issues every Canadian parent should know.

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January 8, 20265 min read

Pre-Succession Tax Housekeeping: A Guide for Business Owners

A guide for Canadian business owners on pre-succession tax planning. Learn how to prepare for a sale, qualify for the LCGE, and navigate intergenerational transfers.

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December 9, 20256 min read

Employee Ownership Trusts (EOTs): A New Succession Option for Canadian Family Businesses

For family business owners who want to ensure continuity, reward loyal employees, and secure a fair exit, Employee Ownership Trusts (EOTs) have emerged as a compelling new option.

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December 8, 20253 min read

Unlocking Legacy in Canadian Family Enterprises: Why Family Governance Matters More Than Ever

In the ever-evolving landscape of Canadian family businesses, the concept of “legacy” is taking on new significance.

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November 18, 20254 min read

Navigating Divorce as a Private Company Owner: Key Tax Considerations

When a private company owner goes through a separation or divorce, the tax implications can be significant and complex. We review the key tax considerations.

November 4, 20252 min read

Five Ways to Simplify Your Tax Life Before Year-End

As the year draws to a close, many business owners and families face a familiar feeling — the scramble to get their tax documents in order. But managing your taxes doesn’t have to be stressful.

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October 24, 20253 min read

3 Key Tax Considerations When Transitioning a Family Business

Transitioning a family business is one of the most meaningful and complex financial events in a founder’s lifetime. Beyond the emotional aspect, a poorly structured transfer can lead to significant and unexpected tax consequences.