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Does US property create a tax problem?

It can. US estate tax reaches non-residents holding US real estate or securities above a threshold, reducing what the estate distributes.

This is legal information only. For advice on your own circumstances, speak to a lawyer.

It can. US estate tax reaches non-residents holding US real estate or securities above a threshold, reducing what the estate distributes.

The Canadian position

It can. US estate tax reaches non-residents holding US real estate or securities above a threshold, reducing what the estate distributes.

Provincial law governs administration, so confirm the position where the estate will actually be administered.

The Islamic position

The fixed shares apply to the net estate after funeral expenses, debts and any bequest capped at one third.

Where a Canadian mechanism has no classical counterpart, treat it as a contemporary question for a qualified scholar.

Note

This is legal information only. For advice on your own circumstances, speak to a lawyer.

Citations & sources

Every factual claim on this page traces to a source below. Details change — check the original source before relying on any figure, fee or legal position. Anything under “further reading” is related material, not a source for what is stated here.

Canadian legislation & government
  1. What to do when someone has died — Canada Revenue Agency
  2. Income Tax Act, RSC 1985, c 1 (5th Supp) — Justice Laws Canada
Further reading — Treadstone Law
  1. Holding property in trust ontario — Treadstone Law
  2. What is estate administration tax ontario — Treadstone Law
  3. Estate administration tax ontario — Treadstone Law
  4. Reducing bond requirement non resident executor ontario — Treadstone Law
  5. Wills & estates practice — Treadstone Law