Quote:
Originally Posted by DoubleF
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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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.