Practical, real-world information about wills, estates, inheritance, executors, and elder law in Canada
Thursday, September 15, 2011
Income tax on inheritance
Posted by
Lynne Butler, BA LLB
Are you wondering about a potential tax hit if you inherit money or property? If so, you're not alone. This remains one of the consistently asked questions here on this blog. Today I'm linking you to a blog post by Mark Goodfield, a Toronto accountant also known as The Blunt Bean Counter. To read his post about income tax on inheritances in Canada, click here.
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