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Markets Digest Iran Peace Progress and Fed Rate-Hike Risk — June 22, 2026

  Markets are easing into a cautious start this Monday as investors return from a long weekend — U.S. markets were closed Friday for Juneteenth — and assess a mixed backdrop: tentative optimism over U.S.–Iran peace talks, a newly hawkish Federal Reserve, and a key week of economic data and earnings ahead. Oil is steadying, the Canadian dollar is under modest pressure, and Asian markets rallied while European and U.S. futures drifted slightly lower in early trading. 🍁 Canada — TSX & the Loonie The S&P/TSX Composite Index heads into Monday trading with a cautious tone, sitting near the 34,857 level after slipping 0.32% on Thursday — the last day Canadian markets were open. Energy stocks will be in focus as oil prices stabilize following weeks of volatility tied to the U.S.–Iran conflict and the partial reopening of the Strait of Hormuz. The Canadian dollar is trading at approximately 70.52 cents U.S. (CAD/USD: 0.7052), down about 0.22% on the session. The loonie remains und...
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Navigating Inheritance Tax: Understanding and Planning for Your Legacy

 

Inheritance tax is a levy on the assets bequeathed by a deceased person to their heirs. While many countries have specific inheritance taxes, Canada does not impose such a tax. Instead, the Canadian Revenue Agency (CRA) treats the estate as having been sold at fair market value immediately before death, which may result in capital gains taxes that the estate must pay before distribution to beneficiaries.

Who Pays Inheritance Tax? In jurisdictions where inheritance tax exists, it is typically paid by the beneficiary who receives the assets. However, in Canada, beneficiaries do not pay taxes on received inheritances directly. Any taxes owed are usually settled by the estate of the deceased before the inheritance is distributed.

How to Avoid Inheritance Tax Since Canada does not have an inheritance tax, Canadian residents need not worry about avoiding it. However, it’s important to plan for potential capital gains taxes on the estate’s assets. Strategies such as designating a principal residence, planning withdrawals from retirement accounts, and setting up trusts can help minimize the tax burden on an estate.

Understanding the implications of inheritance and estate taxes is crucial for effective estate planning. By being informed and prepared, you can ensure that your legacy is passed on to your loved ones with minimal tax impact.

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