Ads keep this website free for you.
TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

US Federal Estate Tax Calculator TaxTips.ca
Canadian Tax and
Financial Information
TaxTips.ca Home

What's New

Links & Resources

Site Map

Need an accounting, tax or financial advisor? Look in our Directory.  Use above search box to easily find your topic!   Stay Connected with TaxTips.ca!

 

Home  ->  Calculators  - > US Federal Estate Tax Calculator for Canadians

US Federal Estate Tax Calculator for Canadians

Click the above link to open the calculator in a new window.

Note:  best viewed in Chrome, Edge, Vivaldi or Firefox.

See new print function - printing with no ads, headers, etc.

A U.S. federal estate tax return must be filed if a deceased Canadian resident who is not an American citizen owned U.S.-situated assets (this includes stocks in US corporations, even if held in a Canadian brokerage) exceeding $60,000 fair market value in US$ at death, and they may be subject to US estate tax.  Whether or not US estate tax is payable will depend on the person's total worldwide estate.  This calculator is for a Canadian who is not a US citizenThere may be deductions to arrive at the estate amount, some of which may be prorated, and other tax credits in the calculation, but we are presenting a simplified version in our calculator.

Our calculator is a very simple one - input the net amount of your US-situated assets, and the amount of your worldwide estate, all in US$.  The results will show the gross taxes, unified credit, and net taxes that would be payable on this estate in certain tax years.

Of course the actual completion of a US estate tax return would be more complicated than this, but our calculator will give you a rough idea of how much US estate tax, if any, you may be required to pay.

For more information on how this works, and what is included in US assets and your worldwide estate, see our article on US Estate Tax.

Tax Tip:  As with many tax-related issues, this is complicated - plan ahead and get professional advice if you have over $60,000 US in US assets!

Check out our other calculators.

Feel free to link to our Calculators page from your website.

Revised: October 26, 2023

 

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  See What’s New, stay connected with TaxTips.ca by RSS or Email
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.