Canada Home North America Canada Inheritance Overview House Prices Market in Depth Rental Yields Income Tax et al Tax Example Taxes if Resident Buying Guide Landlord and Tenant Property Inheritance Useful Links Country Statistics Property Investments Accountants Lawyers Real Estate Agents Mortgages Inheritance tax and law Last Updated: February 22, 2011 There is no inheritance or estate tax. Canada - More data and information How high is income tax on residents in Canada? Comments Dave Ruder | August 25, 2010 I have a question, before the bank in Canad will send your inheritance money, is it true that you have to have $10,000.00 in your account. Thank You. Wendy | September 03, 2010 If you are willed a specific amount from an estate, are the executors allowed to decrease that amount without any explanation? Eli | September 04, 2010 My parents own a vacation home in Ontario however they live in the US and they are US citizens. I live in the US and I'm a US citizen. Cany they transfer the property to me or pass it on to me after they pass away? If so what is the process and how much would it cost? Login or Register to submit a comment! In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.