Find a lawyer to help you answer your legal questions.

  • My Legal Briefcase

    What taxes will be payable by my Estate?
    Notice: Undefined property: stdClass::$post_date in /var/www/webapp/ui/mlb_faq.php on line 96

    This question can best be addressed by your accountant and financial advisors, with reference to your specific circumstances. In general terms, however, the following are examples of typical taxes which may apply:

    Your Estate will be required to pay income tax in year of your death.

    All monies held in your RRSP's could be taxed as income in the year of your death, if your Will does not provide for a tax-exempt transfer.

    Without careful planning, all your investment assets will be deemed to have been sold on the date of your death, and your Estate will be liable for capital gains taxes on all such assets.

    Disclaimer: Content on this website is provided for informational purposes only and does not constitute a legal advice.

Document Banner