Estate Summary

The Estate Summary is available for each spouse and for the couple together in the final year of the projections, or in any given year using the following steps. This article refers to the personal Estate Summary. For more details on the Estate Summary when you are also modeling a corporation, please see this article: Corporate Disposition on Death.

To view the final year's Estate Summary:

Click the blue icon at the top of the Estate Before Tax column on the personal Planning page, This will open the Estate Summary table with values displayed as of December 31 of the final year of the projections. 

Here, the final year of the projections for John and Jane is displayed. They are both aged 100 in 2064. Note that the information displayed for each spouse will be for their final year of projections. If one spouse outlives the other in the projections, make sure to view their specific column. The Combined column will display information for the final year that both spouses are alive. If you have multiple scenarios, you can use the Compare with Other Scenarios button to open the same table for these scenarios. This button will only be visible for comparable scenarios, for example, those that start and end in the same years.

To view the Estate Summary for any given year of the projections:

Click the value in the Estate Before Tax column in any given year of the projections to open the Estate Summary for that year.

You can stop comparing scenarios by clicking the Hide Other Scenarios button indicated above.

Definitions of the items within the Personal Estate Summary table

  • Financial Assets - Balance of Financial Assets (RRSP, TFSA, LIRA, DCPP, Non-Registered) plus any balance in the Cash Balance (accumulated Surplus, with interest growth), before tax.
  • Real Assets - Value of all Real Assets, including real estate and other tangible real assets, before tax.
  • Total Assets - Sum of Financial Assets and Real Assets.
  • Debts - Sum of all Debts accumulated (line of credit, mortgage, investment loan, etc.) plus any negative balance in the Cash Balance column (accumulated Shortfall, with interest payments).
  • Corporations - the portion of the Corporate After-Tax Estate Value allocated to the client and/or spouse at the end of any given year based on the specified ownership of the Corporation(s). If a corporate disposition of Winding-Up is specified for the corporation, details about this value are available under the Corporate Planning page, by clicking the value under the column After-Tax Estate Value for any given year.
  • Insurance Proceeds - The proceeds of personal insurance where the beneficiary has been assigned as the estate (or a spouse if a spouse has been included in the projections). Insurance proceeds with a beneficiary of "Other" will not be displayed here and insurance proceeds for corporate-owned insurance are not displayed here.
  • Estate Before Tax - Sum of Total Assets, Corporations, Insurance Proceeds minus the Debts.
  • Tax on Estate - Total tax paid on the estate. This includes the tax on the disposition of registered assets (RRSP, LIRA, DCPP), and any capital gains realized at the end of projections (non-registered, real assets). It also includes an estimated tax on the disposition of the corporation
    • The estate tax is calculated as follows. All assets are deemed sold on December 31st at 11:59 pm (last year of projections). Then, the estate tax is paid.
    • No probate fees are included.
    • The estate tax is paid in addition to the tax paid on the Taxable Income in that year.
    • Spousal survival scenario: The Tax on Estate is displayed as if there was no rollover of assets to the surviving spouse. But this value of Tax on Estate is not actually paid in the projections for a scenario where there is a surviving spouse
  • Estate After Tax (Nominal) - The actual value of the estate after paying all taxes.
    • This field does not include any Probate Fees.
  • Estate After Tax (Real) - Value of Estate After Tax, adjusted for inflation (the purchasing power of the Estate After Tax as of that time).


  • Lifetime capital gains exemption (LCGE) - beyond the scope and calculations in Snap
  • Capital losses/ business losses - beyond the scope and calculations in Snap  

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