Envoier financial ltd

While Canada does not have a traditional inheritance tax, the wealth transfer process can trigger significant "hidden" taxes that can drastically reduce the value passed to the next generation. These hidden taxes, primarily stemming from deemed disposition rules, mean the Canada Revenue Agency (CRA) treats all assets as if they were sold at fair market value immediately before death.

Will your estate survive the hidden taxes that can be triggered when wealth is transferred to the ne While Canada does not have a traditional inheritance tax, the wealth transfer process can trigger significant "hidden" taxes that can drastically reduce the ...