The CRA’s Secret Tax on Inherited Homes (Most Canadians Have No Idea)

Описание: Most Canadians have no idea there’s a hidden CRA tax waiting when you inherit a home. It isn’t called an “inheritance tax,” but capital gains rules can create a massive bill if you don’t plan ahead. In this video, we’ll break down the CRA’s secret tax on inherited homes, how it works, and the smart moves you can make to avoid costly mistakes.

You’ll learn:

How Canada’s “deemed disposition” rule triggers tax on death

When capital gains tax applies to inherited property

The principal residence exemption and how it can save thousands

Common inheritance mistakes that lead to surprise tax bills

Legal strategies to reduce or defer the CRA’s tax hit

An inheritance should be a gift, not a financial trap. Knowing the rules now can save your family serious money later.

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Most Canadians are surprised to learn that inheriting a home isn't automatically tax-free, leading to a potential *tax liability**. Proper **estate planning* is crucial to navigate these situations and understand how *capital assets* are treated. This video explains the ins and outs of *inheritance* and how it impacts your **personal finance**, especially regarding **taxes in canada**, and what to do with an **inherited home**.