Quote:
Originally Posted by Bobblehead
This is an American article. While many of the issues discussed are valid, things like Estate taxes or inheritance taxes are totally different. I wish Canadian news would explain those difference, or at least mention that there is a difference. Maybe Quebecor should have hired someone to do more than cut and paste.
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The article mentions the median inheritance is $64,000 and then goes onto say that probate and taxes will take a bite. I'll assume the $64,000 is pre-estate taxes and that number should probably average out be about the same for Canada.
In Canada, AFAIK, there are no estate taxes and the transfer of estate is considered a sale.