SAMPLE — PRACTICE ESTATE (INVENTED PEOPLE). NOT FOR FILING.

Estate tax worksheet

Estate of Eleanor Grace Bishop


The math

The estate is worth $85,300.00.

The first $50,000 is free: $0.

That leaves $35,300.00.

We round up to the next full $1,000 — the court counts a part of a $1,000 as a whole one. That makes 36 thousands.

36 × $15 = $540.00.

Tax to pay when you file: $540.00

How to pay

Pay when you file. Use a certified cheque or a bank draft. Many court counters also take debit — call your courthouse first to check. Make cheques out to the Minister of Finance.

The rate comes from Ontario's Estate Administration Tax Act, 1998: nothing on the first $50,000, then $15 for each $1,000 or part of one above that. After the certificate is issued, an Estate Information Return is due to the Ministry of Finance within 180 days — your "what happens next" sheet explains it.