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There is a deemed disposition of all capital assets on death of a Canadian taxpayer, meaning that tax has to be paid on the capital gain. There is an exception for assets that are passed to a spouse. Those assets are transferred at their adjusted cost base (ACB) so that there is no capital gain.

Disclaimer:

"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."

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