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Your American Family Members May Keep MORE Than Yours Ever Will
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Canada doesn’t generally tax you simply for receiving an inheritance. So why can leaving your children a cottage, investments or retirement savings still trigger a substantial tax bill?
A Canadian family can face tax on assets nobody sold. Meanwhile, many inherited American investments receive a fresh tax starting point. That difference could change how much of a lifetime’s savings reaches the next generation.
In this episode…
The skinny
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