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Originally Posted by Mathgod
So is it a requirement to pay in advance or an option?
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You don't have to pay but if your tax amount owing for the 2025 tax year is greater than $3000, then you'll pay interest/penalties.
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Originally Posted by fotze2
Weird obscure question. My dad has a schwack of BMO shares that neither myself or my brother really need the funds from immediately. Can I just leave it in my dad (who died a year and half ago) name? Its a good little emergency stock. Its a giant pain in the arse to transfer it to me from computershare and would dread the capital gain calculation.
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If your dad didn't have a surviving spouse, then the shares were considered sold on the date of death and the estate has to pay capital gains. You should really go through the probate process now and have the shares transferred to the executor/beneficiary as soon as possible so you can pay for the taxes involved.