What You Will Learn!
- Preparation of Canadian Final Tax Return
- Identify the Importance of a Will
- Identify the deductions available on Final Tax Return
- Identify the deemed disposition income inclusions on death
Description
The death of an individual in Canada gives rise to numerous tax consequences and special filing requirements. Once this course is completed, students will be able to understand the importance of having a Will, understand the tax implications of the death of an individual, identify the tax-saving solutions and strategies that can be implemented to save substantial amounts of tax. If you are a tax advisor then this course will provide you with valuable knowledge in your education.
The course is split up in 6 sections which include:
An introduction
The Importance of a Will
Income Inclusions and Special Elections
Capital Property and how it is treated on the Final Deceased Return
Other Property and how it is treated on the Final Deceased Return
Deductions available
By the end of the course you will be able to prepare the final deceased return for a Canadian tax payer and be able to identify the importance of a Will. This course is targeted to Canadian accountants who are looking to expand their tax knowledge in relation to the death of a taxpayer.
About the Instructor: I am a tax specialist that services clients all over Ontario. I have experience providing both corporate and personal tax planning strategies for family owned businesses, entrepreneurs and large corporations.
Some of my specializations include:
o Providing advice on how to structure certain transactions to ensure tax minimization;
o Estate planning;
o Implementing creditor proofing strategies.
I have a diverse client base of owner-managed businesses and also work with professional accountants who need assistance with tax planning strategies.
Who Should Attend!
- Canadian Accountants who are looking to gain knowledge on deceased returns.
