Canadian Families Getting SHOCK of Their Lives at Precisely the WRONG Time
Most Canadians believe there is no inheritance tax in Canada.Technically, that's true.But what many Canadians don't realize is that when someone dies, the government generally treats many assets as though they were sold immediately before death.That process is called a deemed disposition.And for some families, it can result in significant tax consequences.Family cottages.Investment portfolios.Rental properties.Businesses.Farms.All can be affected.In this episode of Tap the Maple, we examine Canada's little-known deemed disposition rules, why families are sometimes forced to sell cherished…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.