Tax Returns in the Year of a Death Following the death of a taxpayer, the filing of a number of different tax returns may be required, including: Tax returns for years prior to (Read more…)
Read more
23
Jun
2011
Tax Returns in the Year of Death
23
Jun
2011
US Estate Tax for Canadians
Estate Taxes on Canadian Owned US property Canadian residents owning any US property can be subject to US estate tax. Strategies, such as the use of trusts, are available for (Read more…)
Read more
23
Jun
2011
Clearance Certificates
What are Clearance Certificates? – Executors Need to Know! Clearance certificates are written notices issued by the Canada Revenue Agency to confirm that an estate has no outstanding tax liabilities to Canada. (Read more…)
Read more
23
Jun
2011
Capital Gains and Estate Taxes
Capital Gains A deceased individual is considered to have disposed of each capital property owned by him/her immediately before death and may realize capital gains and/or losses. If the total (Read more…)
Read more
23
Jun
2011
Checklist for Estate Executors
Executor Responsibilities: Settle the estate according to the wishes of the deceased Manage the settlement to provide maximum benefits to the beneficiaries BUT most importantly – Avoid the personal liabilities (Read more…)
Read more
15
Feb
2011
Settling an Estate – The Executor’s Role
Special Note: The information below is presented from an accounting perspective and does not constitute legal advice. Estate matters can be complicated, and we recommend that an individual acting in (Read more…)
Read more
15
Feb
2011
The Estate Executor’s Skills
Skills and Focus of the Executor The Executor needs to know: what is to be done what the priorities are who will perform the tasks what the critical success factors (Read more…)
Read more