Inheritance/gift tax?

katsmum
Junior Member



Joined: 26 Apr 2004
Posts: 13
Location: UK

Posted: Wed Mar 08, 2006 4:31 am

 

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Does anyone know if non-residents of Canada are required to pay tax on inheritance? My father died nearly 2 years ago and my brother (executor) is still trying to wrap up with Estate. He's informed me today that as I'm a non-resident he is supposed to withhold 15% of what I am to be paid and forward that to Revenue Canada. I was pretty certain that I am exempt from paying taxes on inheritances. On top of my share of the estate, I am also to be re-paid $3000 that I loaned my father; would I have to pay tax on that?

Any advice greatly appreciated!

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