Re: Wills and Probate - UK and Canada
Originally Posted by lookingtogo
(Post 11187966)
JAJ
There is inheritance tax in Canada? No, but Ontario charges such ridiculous probate fees that it is an inheritance tax by stealth. |
Re: Wills and Probate - UK and Canada
Originally Posted by colchar
(Post 11440361)
No, but Ontario charges such ridiculous probate fees that it is an inheritance tax by stealth.
These all work in BC. They need to be planned because there may be adverse tax consequences that exceed the savings in probate fees. |
Re: Wills and Probate - UK and Canada
Originally Posted by lookingtogo
(Post 11187966)
JAJ
There is inheritance tax in Canada? There is no actual 'death tax' in BC for example akin to that in The UK. However, an estate has to pay a probate fee (about 1.4% of total estate value) to the BC government to process a court application for probate. It is a 'tax' in reality. I am sure other provinces are the same* Also, FWIW unless you are a native indian the federal government is not involved. Equally, there is no such thing as a federal 'Canadian' will. *I may, or may not, be a dual UK/BC qualified lawyer. If I am, this is not legal advice as we have no retainer. If I am not, you are fololish to listen to me. |
All times are GMT -12. The time now is 1:36 am. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.