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Author: Bloom Investment Counsel, Inc.

How to Manage Estate Tax in Canada

estate tax

Canada does not have an “estate tax”, unlike some other jurisdictions such as the United States. However, you may not realize that there is a “deemed disposition tax” that applies at the time of your passing.

There are ways to structure your estate plan and/or your will so that this tax can be managed, enabling your beneficiaries to receive the maximum amount possible.

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Buying a Second Home in Canada: How it Works

buying a second home in canada

Purchases of second homes in Canada have been increasing over recent years with more than 10% of Canadians now owning a second home.

However, there are distinguishing criteria for your second real estate property to qualify as your second home rather than an income property which is a property used for the sole benefit of generating additional income such as a rental property.

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