Death and Taxes - When Life’s Two Certainties Collide

Many a joke has turned on the axiom about the certainly of death and taxes.  However, when the first precipitates the second, the resulting complexities are anything but humorous. The planning opportunities and potential complications in planning for those who have a broad base of asset holdings often leave accountants feeling confused, and frustrated.  Fret no longer. 

In this this insightful but concise two-hour webinar, Shaun Doody will provide a practical overview of the tax issues and considerations that can arise upon the death of a taxpayer.  This includes an overview of the deeming rules invoked on death, the tax treatment of various assets, and some planning opportunities and strategies available to deal with the these issues.

 

More specifically, topics covered will include:

  • Overview of taxation on death in Canada
  • Income in year of death
  • Special elective returns
  • Deemed disposition of assets at death
  • Tax treatment of Special Assets
    • Registered plans (RRSP/RRIF/TFSA)
    • Farming and fishing properties
    • Jointly-held assets
    • Principal residence
    • Small business corporations
    • Corporate shares
    • Cottage and vacation properties
    • Personal-use property
    • Life Insurance
    • Foreign Assets
  • Taxation of Estates
    • Graduated rate estates
    • Testamentary trusts
    • Testamentary spousal trusts
    • 21 year rule
    • Distributions to non-residents
  • Charitable donations
  • Post-mortem tax planning
    • Capital losses of the estate and the 164(6) carryback
    • Step up strategy
    • Pipeline strategy
  • Estate planning
    • Objectives
    • Estate freeze
    • Intervivos trusts
    • Probate planning
    • Charitable donations
    • Spousal rollovers
    • Income splitting
  • U.S. tax issues


Target Audience

This webinar will be of most interest to non-tax accountants, junior tax professionals, lawyers, financial planners and other service professionals.


Professional Development Credits

Wolters Kluwer Canadian professional development programs are designed to meet the continuing education requirements of a variety of professional associations. These requirements do vary by association and region. Please consult your provincial association to ensure this webinar meets the continuing professional development standards for your specific situation.

This Webinar Includes:

  • 30 days to review the webinar recording
  • Print version of the presentation slides


This webinar is being presented by Shaun Doody, a tax and wills & estates partner with Fogler Rubinoff LLP




* Registrations for each Live Webinar are available until the start of each program. We reserve the right to substitute speakers in the case of instructor illness. In the event that we must cancel a Live Webinar, all registrants will be notified immediately and given the opportunity to either transfer their registration to another Live Webinar or a Recorded Webinar or obtain a refund. For all Live Webinars that are recorded, participants will have access to the recording for three months following the Live Webinar. Partial credit will not be awarded for attendees that are not present for the entirety of the Live Webinar. Credit will not be awarded if an attendee does not answer all of the polling questions. Additional credit will not be awarded due to the instructor presenting over the allotted time.