What You Need to Know about Tax Implications Upon Death

[@jasonpereira1637]

What about a single parent passing away? Hope you put strategies on how to transfer to the kids without probate and all that in your next video. Love your videos. You actually help us. A true blessing ❤

[@RealEstateTaxTips]

Probate isn't included in the follow up video. It's a topic on its own. Some strategies mentioned in the follow up video would help you avoid probate though.

[@Om-gg5tk]

Love your channel! Besides your channel, which other Canadian KZbin channels do you recommend for getting educated about Canadian taxes and investing? I see normally youtube creators having other creators on their channel for interviews so thought of asking you this question

[@RealEstateTaxTips]

I am hesitant because I don't consume other channels' content.

[@amandamcgee1984]

Waiting to see your next video that follows up on this one!

[@RealEstateTaxTips]

More to come!

[@LindsayStephens-h5p]

Would love to see a parent to child example! One house and multiple houses

[@RealEstateTaxTips]

Will keep that in mind for future video production

[@TJCanada]

How do we avoid most of the taxes when passing on real estate to our children? Do we put it in a trust? Can we just give it to them before we pass and at what cost? What if the real estate is already in a corporate structure rather than personally owned?

[@RealEstateTaxTips]

Family trust would be one way to go ...stay tuned and our next video will be up shortly

[@mikecate12]

If 2nd spouse passed away. Can the children inherit without tax implication? Inheritance how much tax implication?

[@RealEstateTaxTips]

Deemed disposal at fair market value, the estate would have to pay taxes.