The U.S. Estate Tax May Affect You
As a Canadian citizen, you may not think that the U.S. estate tax applies to you. However, Canadians who hold what is termed as “U.S. situs property” may be subject to this tax. This includes U.S. real estate, such as the condos that many snowbirds escape to during the winter season, and shares of U.S. companies, even if they are held in a Canadian brokerage account, including securities held in registered plans. Canada does not have an estate tax;...
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