Do Ottawa's proposed capital gains tax changes affect inherited properties?
Tax experts and lawyers explain to CBC how capital gains works on property transfers, including what happens with inheritances and how the value of those properties is determined.
![Do Ottawa's proposed capital gains tax changes affect inherited properties?](https://i.cbc.ca/1.6642710.1667775282!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/climate-adaptation-consumers-20221106.jpg)
![A Vancouver home, left, in the Kitsilano neighbourhood of Vancouver is pictured Monday, October 3, 2022. The two-storey family home with a classic design and wooden cladding blends in with its neighbours, but its thick, insulated walls, solar panels, heat pump and highly efficient windows mean it's a home built for the future in a warming world. A red single-family home stands in a row of houses.](https://i.cbc.ca/1.6642710.1667775282!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/climate-adaptation-consumers-20221106.jpg)
Tax experts and lawyers explain to CBC how capital gains works on property transfers, including what happens with inheritances and how the value of those properties is determined.