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
Registered Assets
The fair market value of RRSPs, RRIFs and DPSPs is included your income in the year of death and is taxed at your regular personal income tax rates.
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
Non-Registered Assets Info Button
Non-Registered Assets
Non-registered assets are considered to have been sold for fair market value immediately prior to death. Any resulting capital gains are 50% taxable and added to all other income your final return where income tax is calculated at your regular personal income tax rates.
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
Totals
$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%


Print  PDF

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%

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


Disclaimer