How does the U.S.-Canada tax treaty handle estate tax for Canadian LLC owners?
I'm a Canadian citizen with a U.S. LLC that earns income from consulting services. I also have a U.S. brokerage account with about $500,000 in stocks. My worldwide estate is about $4 million. How does the U.S.-Canada treaty help with estate tax? I've heard Canada doesn't have an estate tax but instead has a deemed disposition at death. How do the two systems interact?
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