U.S. estate, gift and generation-skipping transfer tax (GSTT)

May 30, 2023 | Metkel Kebede

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"The U.S. tax system is composed of an income tax system and a transfer tax system. The U.S. transfer tax system includes a gift tax, an estate tax and a generation-skipping transfer tax (GSTT)."

Understanding your exposure

This article is intended for both U.S. and non-U.S. persons living in Canada and provides an overview of the U.S. transfer tax system.

 

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In Quebec, financial planning services are provided by RBC Wealth Management Financial Services Inc. which is licensed as a financial services firm in that province. In the rest of Canada, financial planning services are available through RBC Dominion Securities Inc.

 

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