View Single Post
Old 10-30-2019, 10:52 PM   #495
opendoor
Franchise Player
 
Join Date: Apr 2007
Exp:
Default

Quote:
Originally Posted by DoubleF View Post
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.

Yeah, countries tend to either have estate taxes or deemed disposition (and the capital gains taxes that come along with that) at death like Canada does. I think the current system is better than a US style estate tax, as it doesn't incentivize hoarding wealth as much as the US step-up basis does.
opendoor is offline   Reply With Quote