We are not able to provide financial or legal advice, but we always try to provide some general information to help you determine the next step. The Ontario Securities Commission (OSC) is an independent Crown corporation that is responsible for regulating the capital markets in Ontario. The OSC does not regulate insurance companies or insurance products, such as segregated funds, and we do not oversee estate planning matters such as probate taxes.
Due to the different types of segregated fund contracts and the terms of those policies, you should consult a financial or tax advisor about the tax treatment of the policy for your personal circumstances. The tax implications may vary based on the individual plan.
For information about probate fees, please contact the Ministry of Finance at 1-866 668 8297 or visit their website at ontario.ca/finance.