Quote:
Originally Posted by gasman
Please Elaborate - There is no inheritance tax in Canada and you don't report it as income, so what exactly are they taking 50% of?
The estate would dispose of assets at the time of death, but that would be normally taxed but not at 50%...
|
Moreover, disposition of a principal residence at the time of death isn't usually considered a taxable capital gain anyway, so when it comes to housing most estates pay nothing in the way of taxes on them.