This course provides a detailed technical review of the numerous issues faced when preparing terminal or year-of-death filings.

The last tax return for a deceased individual carries significant implications for the executor and the inheritors under the will. In order to alleviate potential misunderstandings, this course provides a detailed technical review of the numerous issues faced when preparing terminal or year-of-death filings.

Specifically, the course emphasizes the preparation of returns and related planning for terminal filings. You will receive a review of relevant tax issues, engagement management, updated sources of tax research, and an overview of CRA assessing practices. In order to infuse the course with practical relevance, you will prepare and discuss real-life case studies pertaining to terminal filing.

Topics Include:

• Engagement management
• Tax filings upon death
• Identification and understanding of detailed compliance issues
• Compliance related to RRSPs and deferred income plan rules
• General compliance relating to terminal filings
• Identification of GST/HST matters

NOTE: This course description has been revised and reflects updates for 2024. If you have any questions, please contact pdevents@cpaontario.ca.

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By the end of this course, participants should be able to:

• Establish a plan for approaching terminal filing assignments.
• Identify and effectively utilize the different types of tax returns that may be filed for a deceased individual.
• Identify and address significant issues relating to year-of-death filings.