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Jack J. Shaffer | ZLC FINANCIAL GROUP

There is Nothing so Certain as Death and Taxes – July 2015. Or so the saying goes. This certainly is true in Canada where there is a deemed disposition when a taxpayer dies. What this means is that a taxpayer is deemed to dispose of all his or her assets at fair market value immediately preceding death. How does this affect your assets? Fifty percent of capital gains are included in the deceased taxpayer’s income. Revenue property could also attract additional tax in the form of recaptured depreciation.

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Roneen Shaffer

935 Marine Dr●●●●●●●●●●●●● PO Box 63508

Capi●●●●o PO

North●●●●●ouver , British Columbia, V7P 1S3

Canada

1.60●●●●8556
ad●●●@financialservicesblog.ca

View this contact

Roneen Shaffer

935 Marine Dr●●●●●●●●●●●●● PO Box 63508

Capi●●●●o PO

North●●●●●ouver , British Columbia, V7P 1S3

Canada

1.60●●●●8556
ad●●●@financialservicesblog.ca

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Jack J. Shaffer | ZLC FINANCIAL GROUP | jackshaffer.com Reviews
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There is Nothing so Certain as Death and Taxes – July 2015. Or so the saying goes. This certainly is true in Canada where there is a deemed disposition when a taxpayer dies. What this means is that a taxpayer is deemed to dispose of all his or her assets at fair market value immediately preceding death. How does this affect your assets? Fifty percent of capital gains are included in the deceased taxpayer’s income. Revenue property could also attract additional tax in the form of recaptured depreciation.
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Jack J. Shaffer | ZLC FINANCIAL GROUP | jackshaffer.com Reviews

https://jackshaffer.com

There is Nothing so Certain as Death and Taxes – July 2015. Or so the saying goes. This certainly is true in Canada where there is a deemed disposition when a taxpayer dies. What this means is that a taxpayer is deemed to dispose of all his or her assets at fair market value immediately preceding death. How does this affect your assets? Fifty percent of capital gains are included in the deceased taxpayer’s income. Revenue property could also attract additional tax in the form of recaptured depreciation.

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There is Nothing so Certain as Death and Taxes – July 2015. Or so the saying goes. This certainly is true in Canada where there is a deemed disposition when a taxpayer dies. What this means is that a taxpayer is deemed to dispose of all his or her assets at fair market value immediately preceding death. How does this affect your assets? Fifty percent of capital gains are included in the deceased taxpayer’s income. Revenue property could also attract additional tax in the form of recaptured depreciation.

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