News Releases

- One in ten Canadians are expected to carry debt following holiday season purchases according to the 2012 BMO Holiday Spending Outlook

- One quarter of Canadians have family and assets abroad

- More than one-third of international asset holders are not familiar with the taxes and laws pertaining to their wills

- Assets abroad can include second properties, bank accounts and investments

- Corporate executorship is key to managing an estate with global components

- BMO Holiday Spending Survey shows consumers are better prepared for holiday shopping now than in 2011, with most planning weeks or months in advance

- However, three per cent of Canadians still consider themselves last-minute shoppers

- Men more likely to wait until December to start (38 per cent versus 21 per cent of women)