How to Avoid Capital Gains Tax on Inherited Property in Ontario
A capital gain happens when you sell or are deemed to have sold a property or investment for more than you paid for it.
October 16, 2025
A capital gain happens when you sell or are deemed to have sold a property or investment for more than you paid for it.
Does a spouse automatically inherit everything in Ontario? In Ontario, a spouse does not automatically inherit everything if their partner dies without a will.
How much is estate tax in Ontario? It’s important to know that while there is no estate tax in Ontario, there are probate fees and capital gains taxes upon death. This can add up to a significant tax hit when someone dies.
If you’re a business owner or own multiple properties, there are additional considerations that could significantly impact how much tax your estate pays and how efficiently your assets are transferred.
Living trusts can be a good idea if you want to avoid probate, keep financial matters private, and have assets managed effectively during incapacity.
While family trusts can be powerful estate planning tools, they do come with challenges. They can be expensive to set up and require ongoing legal and accounting support, which makes them less practical for smaller estates.
This Ontario estate planning checklist is for anyone who wants to organize their assets, protect loved ones, and reduce stress for their family.
Putting a house in a living trust in Canada means transferring legal ownership of the property to a trustee while alive.
This case study is here to act as a warning to anyone who is thinking of going rogue and trying to avoid tax liabilities without thinking through all the potential risks and downsides.
In Canada, most trusts are taxed as separate legal entities and must file their own T3 tax return each year.