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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RBC Estate & Trust Services and RBC Wealth Management are business segments of the Royal Bank of Canada. Please click the "Legal" link at the bottom of this page for further information on the entities that are member companies of RBC Wealth Management. The content in this publication is provided for general information only and is not intended to provide any advice or endorse/recommend the content contained in the publication. ®/TM Trademark(s) of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2019. All rights reserved.

 

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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