Quote:
Originally Posted by lowside67
This really isn't nearly as dramatic as it sounds. In Canada we don't have an inheritance tax like they do in the US, there is a small probate fee in BC, but that's just over 1%.
There is a ton of misinformation about people thinking putting their kids on assets making things way better but the reality is it often adds additional complication and really does not skip any meaningful taxation.
-Mark
|
Please do not pass or circulate this truth to Asian parents.