When to File a Terminal Tax Return
The due date for the terminal return depends upon the date of the deceased’s death: 1) For a death prior to November, the terminal return is due by the following …
Law
Taxation of an Estate as a Trust
Upon the death of a taxpayer in Canada, a T3 trust tax return is prepared, as well as a report of the income earned by the estate after the taxpayer’s …
Guardians of the Property of Minor Children
In Ontario, Canada, No one, including parent or custodian, has an inherent right to possess or control property or assets otherwise belonging to a minor child. They can, however, apply …
Guardians Chosen in a Will, and the the Children’s Law Reform Act
Guardians, Custodians, and the Children’s Law Reform Act In Ontario, Canada, conventionally, “guardians” of minor children are whomever the parent has named in his or her will to take care …
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Taxation at Death: Using Rollovers to Defer Taxes
Rollovers According to the Canadian Income Tax Act there are two circumstances under which death need not bring forth a deemed realization of non-depreciable capital property or depreciable capital property: …