Bifalgorithm post

In Canada, there's no estate taxes, but it's the deemed disposition taxes that ultimately matters, right? And one of the biggest ones happens to be the deemed disposition in terms of capital gain taxes. On the case study, it was basically it was $3.2 million many, many years ago. But now the company's worth $4.6 million. So there's a huge capital gain tax exposure there. All of the RRSP is now considered income to the estate. And therefore, there's essentially a huge liability there. That means when that RRST balance is being transferred on to his kids, there's an immediate tax liability but that's at 100%.

In Canada, there's no estate taxes, but it's the deemed disposition taxes that ultimately matters, right? And one of the biggest ones happens to be the deemed…