Welcome to the Manulife Investments
Take Capital Gains Now to Avoid Probate Fees Later Calculator
Your Quick Guide
This calculator is designed to assist you and your client when deciding if it is better to trigger capital gains now and switch to insurance company investments in order to avoid probate and estate fees later. A simplified calculation provides an estimate of the savings – or cost – of this strategy.

If you would like more information on this topic, please click here to view our Tax & Regulatory Services’ Investment Insight Taking Capital Gains Now to Avoid Probate and Estate Fees Later.

To complete the calculator, you will need the following information and assumptions:

    1. Current market value of portfolio

    2. Adjusted Cost Base (ACB) for tax purposes

    3. Marginal tax rate.

    4. Life of investment (years)

    5. Expected portfolio growth rate

    6. Costs to transfer wealth from estate

      a. Probate fees

      b. Legal fees

      c. Accounting fees

      d. Executor fees and expenses

    • For these expenses, the calculator provides the option of entering a fixed dollar amount and/or a percentage of the final investment value that will be included in the estate.

    • These costs vary by province and situation. For more information on Probate and Estate fees by provinces, please click here

Please Note: numeric data entry fields have $0 entered when you download the calculator. It is essential that numeric fields for which you have not entered an amount have an entry of $0. All fields for data input are yellow. Both the ENTER and TAB keys can be used to navigate when entering data.

For a complete listing of assumptions, click here.

The Take Capital Gains Now to Avoid Probate Fees Later Calculator and all output it provides is for general information only and should not be considered investment or tax advice to any party. It does not take all possible client situations into account and may not be appropriate for all client situations. Individuals should seek the advice of professionals to ensure that any action taken with respect to this information is appropriate to their specific situation.

Manulife Investments is the brand name identifying the personal wealth management lines of business offered by Manulife Financial and its subsidiaries in Canada.

Manulife and the block design are registered service marks and trademarks of The Manufacturers Life Insurance Company and are used by it and its affiliates including Manulife Financial Corporation.

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