There is a deemed disposition of all capital assets on death of a Canadian taxpayer, meaning that tax has to be paid on the capital gain. There is an exception for assets that are passed to a spouse. Those assets are transferred at their adjusted cost base (ACB) so that there is no capital gain.
Take Note
This document is not intended to create an attorney-client relationship. You should not act or rely on any information in this document
without first seeking legal advice. This material is intended for general information purposes only and does not constitute legal advice. If you
have any specific questions on any legal matter, you should consult a professional legal services provider.