Post-mortem Taxation

Post-mortem corporate tax planning is essential to avoid double or triple taxation upon a shareholder’s death. This module examines the consequences of death on private corporation shares, including deemed dispositions under subsection 70(5), dividend traps, and capital gains realization. Participants will explore strategies such as the pipeline plan, loss carryback under subsection 164(6), and capital dividend account planning to mitigate tax leakage. This session is essential for CPAs advising estates, private business owners, and beneficiaries in navigating complex post-mortem scenarios.