What assets are subject to probate in Canada?

What assets are subject to probate in Canada?

Your “estate” consists of all the things that you own by yourself at death. Your car, bank accounts, clothes, jewelry, business interest, etc. If you own it, it is part of your estate. Joint accounts and beneficiary designation accounts such as TFSA or life insurance are NOT part of your estate for probate purposes.

Is probate required in Canada?

Probate is the process that grants the legal authority for your Executor to act. So if you have assets that are to be passed onto another person, then your estate must be probated in Canada. … These are available in the US, but they are not offered in Canada.