Don't Leave Your Heirs with a Massive Tax Bill | Estate Planning 101
Don't Leave Your Heirs with a Massive Tax Bill | Estate Planning 101 Did you know your heirs could be hit with a massive capital gains tax bill on investment properties—even if they never sell them?1 This is called Deemed Disposition. When both spouses pass away, the CRA (or tax authority) treats your investment properties as if they were sold at fair market value on that day. Your children cannot gain full access to these assets until those taxes are settled
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