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Title: Cardinal Point Wealth Management Alerts High-Net-Worth Canadians to Estate Strategy That Converts Post-Death Losses into Tax Savings

United States, 7th Nov 2025 – Cardinal Point Wealth Management recently revealed a timely strategy for high-net-worth Canadians to turn post-death market losses into significant tax savings. The approach, found in Section 164(6) of the Income Tax Act, takes advantage of a Graduated Rate Estate (GRE) classification. That enables qualified estates to carry capital losses back to the deceased’s final tax return, potentially reducing tax owed and preserving more wealth for heirs.Too few executors realize that post-death losses can offset taxable gains on the deceased’s terminal return. For estates that qualify as a GRE, this rule can recover significant taxes to improve the amount ultimately distributed to beneficiaries.An Example of the GRE Advantage in ActionFor affluent Canadians, a principal residence is often one element of a larger portfolio that may include investment real estate, cottages, yachts, or art. In markets such as Vancouver, Toronto, and Muskoka, these assets can represent millions in value. When prices fall between the time of death and the sale of estate assets the resulting loss can substantially erode value. But a Graduated Rate Estate is a classification available for 36 months after death. It allows the estate to be taxed at graduated personal rates rather than the top marginal rate and record capital losses to offset gains reported in the deceased’s final return.As Cardinal Point Senior Private Wealth Manager Kris Rossignoli explains, “We often see estates lose value before assets are sold, but when structured correctly, a GRE can turn that loss into a tax benefit—particularly in volatile markets.”Why Property Rules Change After DeathCapital losses on personal-use property are generally denied under tax law. But after death, the estate becomes a sep...

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