Wealth Matters

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January 9, 2020

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Elimination of Estate Administration Tax on Estates under $50,000

Pritika Deepak

Effective January 1, 2020, Ontario eliminated estate administration tax (also known as probate tax) on estates valued under $50,000. These changes, announced during the 2019 Ontario Budget, are intended to provide some relief from the onerous estate administration tax regime....

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