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Estate Tax Changes

Estate Administration Tax

Changes under the new Ontario Provincial Budget – April 11 , 2019

 

The province is eliminating the estate administration tax next year for all estates with assets of $50,000 or less.

The government says about 2,500 out of the roughly 30,000 taxable estates in the province will be exempt from the tax.

Those worth more than $50,000 will see the tax reduced by $250.

People will also have more time to file the information for the tax.


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