Ozincan

Can anyone help with a few scenarios vis-a-vis inheritances

1. I inherit property from overseas, oz taxes me...does Canada tax me?
2. I inherit assets which are based in Canada - does Canada tax me?
3. If some of those assets in 2 are distributed to parties in other countries such as oz and nz, does this have Any implications in Canada?

Thanks..

JonboyE

No inheritance tax in Canada.

Nothing on inheritances received from overseas.

For assets in Canada any taxes are paid in the final tax return of the deceased. You get what is left tax-free.

Ozincan

Thank you Jonboy!