This three-part course bundle covers Estate Planning, Terminal Filling and Estate and Testamentary Trust Returns.

Accountants often plan for various aspects of their professional and personal lives, but estate planning and its tax implications are frequently overlooked. This course offers a detailed review of essential estate planning topics for practitioners working with owner-managers or high-net-worth clients. You will enhance your estate planning skills, learn key tax and estate planning concepts, and gain useful tips and updated reference materials. The course focuses on initiating and executing effective estate plans while maintaining flexibility and managing risks.

Additionally, the final tax return for a deceased individual has significant implications for executors and inheritors. This course provides a detailed technical review of the issues faced when preparing terminal or year-of-death filings. It emphasizes the preparation of returns and related planning, covering relevant tax issues, engagement management, updated tax research sources, and CRA assessing practices. Practical relevance is ensured through real-life case studies on terminal filing.

Lastly, the final course focuses on preparing returns and related planning, including relevant tax issues, engagement management, up-to-date tax research sources, and CRA assessing practices. While briefly touching on estate planning issues, the emphasis is on matters arising during return preparation. After reviewing technical tax issues, the course includes a practice case study to illustrate concepts and apply knowledge to realistic filing situations.

Note: If you have taken the RIP courses individually do not register for this bundle as no new content has been added.

Topics Include:

• Planning for the deemed disposition at death
• Planning and using trusts
• Post-mortem planning
• The use of life insurance in planning
• A U.S. estate (and gift) tax review
• Engagement management
• Tax filings upon death
• Compliance related to RRSPs and deferred income plan rules
• General compliance relating to terminal filings
• Identification of GST/HST matters
• Tax compliance for the establishment of a testamentary trust.
• Estate accounting

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