Don't Inherit a House Without Knowing This Tax Rule скачать в хорошем качестве

Don't Inherit a House Without Knowing This Tax Rule

🏡 Think Canada has no inheritance tax? When a loved one passes away, the CRA doesn't send a condolence card — it sends a tax bill. In this video, I break down exactly what happens to a property when someone dies in Canada: the deemed disposition rules, the principal residence exemption, capital gains inclusion rates, Ontario's marginal tax rates, and what your estate will actually owe. Whether you're a first-time home buyer, a homeowner with a cottage or rental property, or someone navigating an estate right now — this is the video you need to watch before making any decisions. 📌 WHAT YOU'LL LEARN IN THIS VIDEO: ✅ Why Canada has no "inheritance tax" — but your estate still pays tax at death ✅ What "deemed disposition" means and how CRA treats death as a sale ✅ The Principal Residence Exemption (PRE) — and exactly who qualifies ✅ Capital gains on secondary properties, cottages, and rental properties ✅ Ontario's combined federal + provincial marginal tax rates (up to ~53.53%) ✅ The spousal rollover — how to defer tax when leaving property to a spouse ✅ Estate liquidity: how to plan so your family isn't forced to sell the home ✅ The 2025 capital gains inclusion rate — what was proposed and what was cancelled 📖 READ THE FULL GUIDE (free resource): 👉 https://canada-tax-whediyqa.manus.space/ ☕ ☕ HAVE QUESTIONS ABOUT YOUR SPECIFIC SITUATION? Book a free Digital Coffee with me — no pressure, just answers: 👉https://propertiesbyjon.com/digital-c... 🌐 VISIT MY WEBSITE: 👉 https://propertiesbyjon.com 📚 OFFICIAL SOURCES & REFERENCES CITED IN THIS VIDEO: Canada Revenue Agency (CRA ) — Capital Gains at Death: 🔗 https://www.canada.ca/en/revenue-agen... someone-died/prepare-returns/report-income/capital-gains.html CRA — Principal Residence Exemption: 🔗 https://www.canada.ca/en/revenue-agen... return/tax-return/completing-a-tax-return/personal-income/line-12700-capitalgains/ principal-residence-other-real-estate.html CRA — Income Tax Folio S1-F3-C2 (Principal Residence — Full Technical Guide ): 🔗 https://www.canada.ca/en/revenue-agen... income-tax-folios-index/series-1-individuals/folio-3-family-unit-issues/income-tax-folios1- f3-c2-principal-residence.html CRA — Clearance Certificate for Estates: 🔗 https://www.canada.ca/en/revenue-agen... someone-died/clearance-certificate.html CRA — Deemed Disposition of Property: 🔗 https://www.canada.ca/en/revenue-agen... Ontario Combined Federal + Provincial Marginal Tax Rates (TaxTips.ca ): 🔗 https://www.taxtips.ca/taxrates/on.htm Income Tax Act — Section 40(2 )(b) Principal Residence Exemption: 🔗 https://laws-lois.justice.gc.ca/eng/a... PM Mark Carney — Capital Gains Inclusion Rate Cancellation (March 2025 ): 🔗 https://www.pm.gc.ca/en/news/news-rel... proposed-capital-gains-tax-increase ⚠️ DISCLAIMER: This video is for educational purposes only and does not constitute legal or tax advice. Every estate is unique. Always consult a qualified tax professional, estate lawyer, or accountant before making decisions. Jonathan Renna is a licensed Realtor with Keller Williams Referred Urban Realty — not a tax advisor. 🔔 SUBSCRIBE for more plain-language real estate and tax education for Canadians. 👍 LIKE this video if it helped you understand something new. 💬 COMMENT below with your questions — I read every one. 📲 CONNECT WITH ME: 🌐 Website: https://propertiesbyjon.com ☕ Book a Call: https://propertiesbyjon.com/digital-c... 📖 Free Tax Guide: https://canada-tax-whediyqa.manus.space/ Chapters 0:00 Introduction — Does Canada have an inheritance tax? 0:45 The Myth vs. The Reality 1:30 What is Deemed Disposition? 2:45 The Principal Residence Exemption Explained 4:00 Secondary Properties, Cottages & Rentals 5:30 Ontario Marginal Tax Rates on Capital Gains 7:00 The Spousal Rollover — Deferring Tax 8:15 Estate Liquidity — Planning Ahead 9:30 The 2025 Capital Gains Inclusion Rate Update 10:30 Key Takeaways & Next Steps If you inherit a property in Canada, understanding the tax implications is crucial. This video clarifies the confusion around "inheritance tax" and capital gains tax, especially regarding the 66% inclusion rate. We'll explore what happens when a parent's principal residence is sold after inheritance and how it impacts your marginal tax rates. This is essential viewing for anyone navigating estate planning and selling an inherited house.