Estate Taxes on Canadian Owned US property
Canadian residents owning any US property can be subject to US estate tax.
Strategies, such as the use of trusts, are available for structuring US real estate and assets to reduce or eliminate the potential liability from US estate tax.
The Canada-United States Convention with Respect to Taxes on Income and on Capital provides Canadian residents with some relief from U.S. estate tax by allowing a prorated amount of the estate tax exemption that is available to U.S. citizens based on the ratio of U.S. assets relative to worldwide assets.