Search found 3 matches
- Mon May 23, 2016 11:01 am
- Forum: Canada / United States Tax & Accounting
- Topic: Crossborder estate tax- US estate, Canadian resident
- Replies: 8
- Views: 3397
- Sun May 22, 2016 3:10 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Crossborder estate tax- US estate, Canadian resident
- Replies: 8
- Views: 3397
Thanks Nelsona. Yes, I understand about the tax credits - I guess calling it tax treaties might be poor wording, but that was what I was referring to. There's still a confusion to me about the inheritance from a US estate though. I had read that in Canada it's expected that the estate pays all the t...
- Sat May 21, 2016 5:53 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Crossborder estate tax- US estate, Canadian resident
- Replies: 8
- Views: 3397
Crossborder estate tax- US estate, Canadian resident
I'm a US citizen, living in Canada as a PR for 15 years. A relative recently left me a portion of his estate. In all, my share will be about $40,000, once the property is sold. This is far below the threshold for US estate taxes. We file US taxes but never owe any, due to tax treaties. But how the U...