Receiving an Inheritance in Canada: Capital Gains Tax

LifeBuzz delivers Inheritance and End-of-Life Matters news: when receiving an inheritance in Canada, capital gains taxes may apply. The CRA considers a person to have sold all their capital property immediately before death—a "deemed disposition" at Fair Market Value. If the property has increased in value, this triggers a capital gain, and 50% of that gain is taxable on the deceased's final tax return. Navigate capital gains through LifeBuzz's comprehensive Canadian guidance.

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