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A comment on Note from Mark Zuckerberg. Parent comment

Re:Note from Mark Zuckerberg by parasubvert on Wednesday April 27, 2016 @07:34PM (#11585474)
That's not entirely accurate: the CRA requires "deemed disposition" on all your assets at the time of death.

Basically your estate has to pay up all pending taxes / capital gains as if it sold all its property at the time of death.

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Re:Note from Mark Zuckerberg by cmrdporcupine on Wednesday April 27, 2016 @08:14PM (#11585703)
But held cash assets belonging to the estate and passed onto children/spouse are not taxed.
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Re:Note from Mark Zuckerberg by hinkley on Wednesday April 27, 2016 @09:43PM (#11586051)
You have a fundamental misunderstanding of the super rich if you think that hard currency represents any significant fraction of their assets, late in life.

It's only a concern for the middle class, and there are other rules that cover them.

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Re:Note from Mark Zuckerberg by refurb on Wednesday April 27, 2016 @10:10PM (#11586158)
Right, the estate just pays the taxes it would have paid if the person had been alive. That seems more fair.
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