D-13.2 - Succession Duty Act

Section 34 Disposition versions

1986-05-27

34. (Repealed).

1978, c. 37, s. 34; 1986, c. 15, s. 4.

1978-12-22

34. The duties payable by a beneficiary, on the taxable value of the property transmitted to him owing to death, are the following:

(a)  20 per cent of that part of the taxable value not in excess of $100 000;

(b)  $20 000 plus 23 per cent of that part of the taxable value in excess of $100 000, if that value is greater than $100 000 but does not exceed $200 000;

(c)  $43 000 plus 26 per cent of that part of the taxable value in excess of $200 000, if that value is greater than $200 000, but does not exceed $500 000;

(d)  $121 000 plus 29 per cent of that part of the taxable value in excess of $500 000, if that value is greater than $500 000 but does not exceed $1 000 000;

(e)  $266 000 plus 32 per cent of that part of the taxable value in excess of $1 000 000, if that value is greater than $1 000 000 but does not exceed $2 000 000;

(f)  $586 000 plus 35 per cent of that part of the taxable value in excess of $2 000 000, if that value is greater than $2 000 000.

1978, c. 37, s. 34.