Estate Tax and Probate Fee Calculator

Planning for estate settlement is an important part of financial and legacy planning, since probate fees and estate administration taxes can reduce the value passed on to beneficiaries. This estate tax calculator allows you to estimate the potential impact of probate and estate costs in Canada by entering the value of your different asset types. Review different scenarios, including the transfer of joint assets, to better understand your estate tax liability.

Canada Estate Tax Calculator

Jurisdiction

Province / Territory Used to estimate probate/estate fees and tax brackets.

Registered Investments

Registered investments are taxable as income on death unless transferred to a spouse/common-law partner (tax-deferred). TFSA is tax-free.

Registered Investments (RRSP, RRIF, etc.) — Fair market value TFSA — Fair market value Spousal/common-law transfer (tax-deferred, no probate)

Non-registered investments

Unrealized gains taxed with a 50% inclusion rate unless it is a joint account (tax-deferred).

Fair Market Value Adjusted Cost Base (ACB) Joint account (tax-deferred, no probate)

Principal residence

Capital gains on a principal residence are assumed exempt. Fair market value included for probate unless held jointly with right of survivorship.

Fair market value Joint ownership (no probate)

Other Capital Assets

E.g., cottage or rental property. Gains taxed with a 50% inclusion rate unless they transfer to a spouse/common-law partner (tax-deferred).

Fair market value Adjusted cost base Spousal/common-law transfer (tax-deferred, no probate)

Liabilities & probate

Debts at death Probate / Estate fees (%) Leave blank to use the built-in provincial/territorial brackets. Enter a % if an alternative rate is preferred.

Notes

Item	Amount

Disclaimer: All information shown is illustrative and estimates only. This information is not intended to be comprehensive investment, tax, financial or legal advice and should not be considered as personal investment advice, an offer, or solicitation to buy and/or sell investment products. Every effort has been made to ensure accurate information has been provided, however accuracy cannot be guaranteed. Tax rules and other factors change frequently. Past investment performance does not guarantee future results. The manager accepts no responsibility for individual decisions arising from the use or reliance on the information contained herein. Please consult a portfolio manager prior to making any investment decisions.

8 Retirement Decisions You can't Undo

Many estate outcomes are shaped by retirement decisions made years earlier. Download the guide to understand which retirement decisions can’t be undone — and how they can influence estate outcomes over time.

Or explore our other guides.

Try Our Other Calculators

Know What You Own Podcast

The Know What You Own Podcast invites you inside the conversations we, at Hemisphere Capital Management, have every day. We explore what makes a company worth owning and the factors that drive long-term success. No hype. No sales pitch. No hidden agenda. Just clear, honest discussions between professionals.

Know What You Own – Episode 18: Factset Research Systems

July 2, 2026 Podcast