The legacy of love blog

Do I need to worry about taxes eating up my child's inheritance?

deemed disposition taxes Nov 08, 2018

Canada is generally viewed as a country with no estate tax.  While that's true, what many people don't realize is that a "Deemed Disposition Tax," which is similar to an estate tax, applies when you die.

Taxation Issues
Deemed Disposition Tax is so-named because your investments are deemed to be sold at death. Any capital gains triggered by their sale are included in a final income tax return filed in the year of death. A final tax return also includes the value...

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