Final Tax Bite

This calculator estimates your estate's tax liability at death with no surviving partner.
Alberta
Regular taxable income in year of death
50,000
Estate Assets
These are considered to have been sold for fair market value immediately prior to death.
Registered Assets Info Button
Market
Value
Original
Cost
Capital
Gain
Taxable
Amount
RRSPs
100,000
N/A
N/A
$0
RRIFs
0
N/A
N/A
$0
DPSPs
0
N/A
N/A
$0
Total registered
$0
N/A
N/A
$0
Non-Registered Assets Info Button
Mutual funds
0
0
$8,000
$4,000
Stocks, bonds
0
0
$8,000
$4,000
Real estate
0
0
$8,000
$4,000
Vacation property
0
0
$8,000
$4,000
Business
0
0
$8,000
$4,000
Other
0
0
$8,000
$4,000
Other
0
0
$8,000
$4,000
Total non-registered
$0
$0
$0
$0
Grand Total
$370,000
$328,000
Taxes on Your Estate


Pay taxes of: $29,551 8.0%
Estate keeps: $340,449 92.0%
Total estate: $370,000 100.0%

 
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Assumptions
This calculator is for illustration purposes only and is not intended to calculate your actual tax liability. It provides an estimate of the tax liabilities at death assuming there is no surviving spouse.

Calculations use marginal tax rates as of . Rates take all federal and provincial taxes and surtaxes into account and the basic personal tax credit. The capital gains inclusion rate is 50.00% on capital gains up to $250,000 and 66.67% on capital gains above $250,000.

Capital Gain Inclusion Rate Taxable Gain
First $250,000 50.00%
Above $250,000 66.67%
Total


Only Canadian assets are included in the calculations. The tax on your estate is the difference between the tax payable on your regular income (before any deemed dispositions of your estate's assets) and the tax payable on your regular income plus the taxable amount of your estate.

Taxable Amt Tax
Regular + estate income A $378,000 $147,451
Regular income B $50,000 $8,883
Estate income A-B $328,000 $138,658


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