THE ESTATE ADMINISTRATION TAX AND THE NEED FOR AN ESTATE INFORMATION RETURN (“EIR”) aka PROBATE TAX
For a number of years, the Province of Ontario has levied a probate tax known as the estate administration tax. The first $50,000 of an estate is exempt, but beyond that a levy of 1.5% is administered by the provincial government rounding up to the nearest $1,000 value. The only deduction from an estate’s valuation […] Read More
This is a short preview. The article was written by Dale Streiman Law and the full text is on their website.