canada estate tax
Posted on Sunday, October 4th, 2009 at 11:26 am
do I have to pay tax(of any kind) on money I inherit from my Mother’s estate in Australia?
I live in Canada, but my Mum just died in Australia. Where I am from. I also claimed bankrupty 2 years ago, and I am wondereing if my creditors will have any claim on my inheritence.
Most likely as long as they do not know about it.It will depend where you claimed bankruptcy.
I f you claimed bankruptcy in Canada than keep the money in Australia and just have a little bit transferred whenever it’s needed.
