What Is Death Tax in Canada?
Canada has no ‘death tax,’ but estates face capital gains, probate, and other fees. Smart planning can protect your wealth for loved ones.
February 11, 2025
Canada has no ‘death tax,’ but estates face capital gains, probate, and other fees. Smart planning can protect your wealth for loved ones.
Inheriting property in Canada can come with significant tax implications, particularly capital gains tax.
Canada does not have a direct estate tax, but taxes on assets and income after death can significantly reduce the value of an estate.
In Canada, estates are primarily taxed through capital gains tax and income tax rather than a direct estate tax.
The most effective way to minimize estate taxes in Ontario is through proper estate planning.
More people are creating information packages to help surviving family members make sense of how things work in their household.
SWPP helps families and business owners in Ontario with comprehensive estate planning.
SWPP’s Living Estate Plan service ensures Ontario families have an estate plan or living trust that protects their assets from unnecessary taxes and fees, including probate.
16 Industrial Parkway South, Suite 609, Aurora, ON, L4G-0R4