A Legal Planning Technique Used in Canada #shorts

How do you transfer the value that you've built to your children in a tax effective way? And this is using a very specific mechanism called an estate freeze. Now, an estate freeze is a tax planning strategy where business owners can transfer future growth and their value of their assets, usually in the shares of companies, to their next generation. And what that means is freezing whatever the value the shares are at a specific point in time, and then transferring that future growth, whether you're working on that growth or your children are working on that growth, to continue that growth journey on that asset. That is not really as much as the details, but you're trying to essentially cap the growth at where you are so that you can transfer that growth to make it a problem for your future generation and roll it over to them in a very effective way.