My understanding of why there's no estate tax in Canada is because we have higher marginal tax rates when someone is alive and deemed disposition at the time of death.
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Originally Posted by Jason14h
Yup only works if everyone country does it . It just encourages wealth leaving your country to countries without estate taxes
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Ceasing to be a Canadian resident for tax purposes triggers a deemed disposition. But yeah, it's true that wealth is still leaving, but it's not like it's not taxed on the way out.