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  2. Many countries have an inheritance tax a percent tax of money that must be paid on money that is inherited. For example, in the UK all money that is inherited under $325k pounds roughly $560k Canadian dollars is not taxed but any amount of money inherited over that is taxed at 40%. Canada does NOT have an inheritance tax currently, should it?

Many countries have an inheritance tax a percent tax of money that must be paid on money that is inherited. For example, in the UK all money that is inherited under $325k pounds roughly $560k Canadian dollars is not taxed but any amount of money inherited over that is taxed at 40%. Canada does NOT have an inheritance tax currently, should it?

Paper Topic: Is inheritance fair?

• Many countries have an inheritance tax a percent tax of money that must be paid on money
that is inherited. For example, in the UK all money that is inherited under $325k pounds
roughly $560k Canadian dollars is not taxed but any amount of money inherited over that is
taxed at 40%. Canada does NOT have an inheritance tax currently, should it?

Make two arguments for why Canada should introduce an inheritance tax.

Make two arguments for why Canada should NOT introduce an inheritance tax.

Conclude by stating whether there would be an inheritance tax, what percent it would be,
and at what threshold money would start to be taxed if it was up to you to decide the
matter.


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