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.
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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 citizen. There 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.
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!
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