Death and Taxes - When Life’s Two Certainties Collide - Recorded Webinar

$139.00
In stock
SKU#
WDAT20-79J3

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.

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FormatRecorded Webinar