Questions? Call 416-367-4222

If you own property in the U.S., your estate may have to pay U.S. estate tax on the property after your death. The U.S. imposes its estate tax on all assets owned by Canadians that it considers to be U.S. property, which includes real property such as vacation homes and may include other items such as furniture. In addition, shares in U.S. corporations and U.S. Government Savings Bonds are considered U.S. property even if the certificates are kept in Canada.

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."

Get your CRA tax issue solved


Address: Rotfleisch & Samulovitch P.C.
2822 Danforth Avenue Toronto, Ontario M4C 1M1

Estate Taxes on Property in the U.S
The T1135 Foreign-Reporting Exemption & Canadian Cryptocurrency-Trading Businesses & Canadian NFT-Trading Business: Are Canadian Cryptocurrency and NFT Traders Required to File a T1135 Form?
2021 Updates for T1134: Canadian Tax Lawyer's Perspective
2021 Updates for T1134: Canadian Tax Lawyer’s Perspective
Specified Foreign Property: Canadian Tax Lawyer's Guide
Specified Foreign Property: Canadian Tax Lawyer’s Guide
CRA Tax Audit Of Loss Carryovers Exceeding $200,000
CRA Tax Audit of Loss Carryovers Exceeding $200,000
Foreign Pension Income Taxation – A Canadian Tax Lawyer Analysis
Losses On Investment in a small business corporation may be claimed as a business investment loss
T1135 Simplified Reporting Method
Canadians required to report worldwide income from all sources