This module provides an in-depth look at the tax consequences arising upon the death of an individual. It covers the preparation of terminal tax returns, optional returns (such as rights or things), and the treatment of capital property under deemed disposition rules in subsection 70(5). Learners will explore the mechanics of Graduated Rate Estates (GREs), testamentary trusts, and post-mortem tax ...
This module provides an in-depth look at the tax consequences arising upon the death of an individual. It covers the preparation of terminal tax returns, optional returns (such as rights or things), and the treatment of capital property under deemed disposition rules in subsection 70(5). Learners will explore the mechanics of Graduated Rate Estates (GREs), testamentary trusts, and post-mortem tax planning strategies, including loss carrybacks, charitable giving, and rollovers to spouses or qualifying beneficiaries. The module balances technical precision with planning considerations relevant to executors, estate planners, and tax advisors.
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