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submitted 7 months ago by small_crow@lemmy.ca to c/canada@lemmy.ca

TL;DW

If it's your primary residence, zero.

If it's a revenue generating secondary property, an extra 20k for every 400k of gains.

I love that the "wealth manager" they interviewed is making such a big deal about how it will affect people who would never have need of his services because they'll never have wealth, let alone enough to need management. Playing up the "imagine being taxed because your mom died!" angle.

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[-] corsicanguppy@lemmy.ca 6 points 6 months ago

Imagine

Imagine a new lead-in. The fleek litchally base lul crowd has overused that phrase so much it's now a misophonia trigger.

you sold your mom's house, months or years after she died

But it wasn't her house. Shortly after mom passed on, it'd be Your house. That's how inheritance works.

[-] Kichae@lemmy.ca 6 points 6 months ago

Shortly after mom passed on, it’d be Your house.

Touche.

Imagine you sold your spare house, months or years after your mother died.

this post was submitted on 19 Apr 2024
72 points (97.4% liked)

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