Calm Money Coach
Canada vs the US: Who Pays More Tax When You Die?
6:54
Canada doesn't have an estate tax like the US. We tax death a different way, and it reaches a lot more regular families.
Take 2 cousins. Doug in Regina and Chad in Dallas each put $2 million into index funds, and today each pile is worth $10 million.
Chad's playbook is buy, borrow, die. He never sells, borrows against his shares to live, and when he dies the US resets the cost of those shares…