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Old 03-04-2025, 05:30 PM   #46
troutman
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Quote:
Originally Posted by lazypucker View Post
Is it true that there is no inheritance tax in Canada. But let's say you inherit a house from your parents, you pay 0 tax, but when you sell it later, you will get taxed for capital gain?
It varies between the provinces. Alberta has no tax. Other provinces take a percentage on probate.

You would get taxed on house later if it was not your principal residence.

Last edited by troutman; 03-04-2025 at 05:35 PM.
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