Canada Revenue Agency Government of Canada
Skip to content area (Access key: x)
Skip to side menu (Access key: y)

CRA Controlled Subject Vocabulary (CRACSV)

Back to: "I"

inheritance
Francais
héritage
Used For
succession
Broader Term
capital gains
Related Term
beneficiaries
bequests
estates
fair market value
wills
Scope Note
Generally, when you inherit property, the property's cost to you is equal to the deemed proceeds of disposition for the deceased. Usually, this amount is the FMV of the property right before the person's death. http://www.cra-arc.gc.ca/E/pub/tg/t4037/t4037-05-e.html#P211 1_90244  


More Ways to Serve You!

Date modified:
2006-12-15
Top of page
Top of page
Important notices