How to Manage Inheritance Tax in Canada
In Canada, there are no taxes that apply directly to inheritances. However, this does not mean that property and assets left to beneficiaries are not taxed.
There is no inheritance tax charged to beneficiaries, but by the time assets are distributed to them taxes have already been paid by your estate.
With proper planning and a fully comprehensive estate plan, including a will, you can manage the tax effect on your estate and maximize the assets passed on to your heirs.