To determine the estate administration tax to be paid, please enter the estate value below.
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What Is Estate Administration Tax?
In Ontario, when someone dies, their estate is taxable. This tax is referred to as the Estate Administration Tax and it is due upon applying for a Certificate of Appointment of Estate Trustee from the Superior Court of Justice.
When Do I Have To Pay This Tax?
If you are unable to pay the Estate Administration Tax at the time of filing the application for a Certificate of Appointment as Estate Trustee, you may bring a motion, asking the judge to allow you to defer payment until the estate funds become available to you as Estate Trustee. Hummingbird Lawyers LLP has experience and success with filing these types of applications and motions. Please contact us if you have any questions or require our assistance.
How Is the Estate Administration Tax Calculated?
The government calculates the Estate Administration Tax using a specific formula. Any estate valued at over $50,000 is taxed at $15 for every $1000. The formula also rounds up to the next $1000 so a $50,001 estate for example, would be calculated as $51,000.
Hummingbird Lawyers LLP Makes It Easy!
Hummingbird Lawyers LLP has made it simple and easy to calculate the amount of Estate Administration Tax that is owed on any estate. With our calculator, simply plug in the estate value amount, and our handy calculator does all the calculations for you. We understand that this is a difficult time, and we are pleased to make this process a little easier for you.
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