Inheritance

Old Mar 7th 2015, 6:03 pm
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Default Inheritance

Does any one know if you have to declare an inheritance from the UK on your tax return in Canada?
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Old Mar 7th 2015, 6:05 pm
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Default Re: Inheritance

Originally Posted by Rrunner
Does any one know if you have to declare an inheritance from the UK on your tax return in Canada?
Yes I do know, and the answer is no.
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Old Mar 7th 2015, 6:52 pm
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Default Re: Inheritance

Ok thanks. Sounds about as easy as can be then.
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Old Mar 7th 2015, 6:54 pm
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Default Re: Inheritance

Originally Posted by JonboyE
Yes I do know, and the answer is no.
What about if it is over $100k and being held overseas, or is an overseas property?
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Old Mar 7th 2015, 7:53 pm
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Default Re: Inheritance

Originally Posted by Aviator
What about if it is over $100k and being held overseas, or is an overseas property?
The usual rules for the T1135 would still apply.
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