About half of Canadians do not have a will despite a vast majority believing such documents are essential [2].
This disconnect leaves millions of families vulnerable to legal complications and emotional stress during the probate process. Without a clear legal directive, the distribution of assets often falls to government mandates rather than the wishes of the deceased.
According to a poll conducted by CIBC, 94% of Canadians believe that everyone should have a will [1]. However, the data shows that only approximately 50% of the population has actually created one [2]. This gap suggests a widespread failure to translate perceived necessity into actionable planning.
Experts said that procrastination is a primary driver of this trend. Many adults avoid the process because it forces a confrontation with mortality or involves complex financial decisions that feel overwhelming.
Confusion regarding the legal requirements also plays a role. Some individuals believe that a will is only necessary for those with significant wealth, a misconception that ignores the importance of guardianship for children and the distribution of modest personal effects.
Financial and legal professionals said that the lack of preparation creates unnecessary burdens for survivors. When a person dies without a will, the state determines how assets are divided, which can lead to family disputes and prolonged court battles.
To avoid these outcomes, experts urged Canadians to prioritize estate planning early. Setting up a will is described as a critical step in ensuring that a person's final wishes are honored and that their loved ones are spared from avoidable administrative chaos.
“94% of Canadians believe that everyone should have a will”
The disparity between the belief in a will's importance and the actual rate of ownership indicates a systemic barrier to estate planning in Canada. This suggests that while the public understands the value of a will, the perceived complexity or emotional weight of the process outweighs the perceived urgency, leaving a large portion of the population intestate.
