Are your U.S. stocks on the U.S. estate tax list?
You have no plans to move to the U.S. and have never opened an account there — but shares of U.S.-incorporated companies and U.S.-domiciled ETFs may be U.S.-situs assets, even when held inside an RRSP or TFSA at a Canadian brokerage. This tool estimates your exposure: whether you clear the filing threshold, what the treaty proration leaves you, and the rough size of any potential tax.
Enter amounts in U.S. dollars (a rough conversion is fine — this is an estimate). Entries stay in your browser and are not sent to Lucid.
Counted as U.S. situs
Apple, Microsoft and the like — shares of U.S.-incorporated companies; Canadian brokerage accounts count too, and incorporation matters, not the listing venue
Registered accounts are not exempt — the most commonly missed line
Enter market value. If the estate has no personal liability for the mortgage (non-recourse), net value is a fair rough entry; with a recourse mortgage, enter the full market value — this tool doesn't model debt deductions
May include 401(k)s, IRAs, cash at U.S. brokerages, tangible property located in the U.S. — the exact rights and account structure still need review
The denominator of the treaty proration — count assets on both sides
Not counted, despite the label
Canadian-registered funds and ETFs
Even when everything inside is U.S. stock, the fund units themselves are not U.S. situs — same exposure, different estate tax treatment
Certain U.S. Treasuries & bank deposits
Certain qualifying U.S. Treasuries, portfolio debt, and personal bank deposits are generally outside the list — the specific instrument needs confirming
USD bonds from non-U.S. issuers
It's the issuer that matters, not the currency
U.S.-listed shares of Canadian companies
Incorporation decides, not the listing venue — and vice versa
Unsure whether something counts? Include it — a rough estimate should err on the cautious side.
Both a U.S. asset amount and the worldwide total are needed for the proration
This is a simplified educational estimate based on U.S. federal rules current at the time of writing (2026): the USD $60,000 non-resident filing threshold, the USD $15 million lifetime exemption (indexed annually), graduated rates up to 40%, and the Canada-U.S. treaty's proration and marital credit (legal marriage only). Not considered: state-level estate taxes, QDOT and other special arrangements, the effect of life insurance proceeds on the worldwide estate, debt deductions, lifetime U.S. adjusted taxable gifts that can enter the calculation, or the interaction with Canada's deemed-disposition bill and foreign tax credits. Exemptions and thresholds change frequently — figures here are as of writing; confirm with a cross-border tax professional before acting.