Deceased Taxpayers - Preparation Of Final Tax Return

What you'll learn
Preparation of Canadian Final Tax Return
Identify the Importance of a Will
Identify the deductions available on Final Tax Return
Identify the deemed disposition income inclusions on death
Requirements
No requirements needed
Description
The death of an individual in Canada gives rise to numerous tax consequences and special filing requirements. Once this course is completed, students will be able to understand the importance of having a Will, understand the tax implications of the death of an individual, identify the tax-saving solutions and strategies that can be implemented to save substantial amounts of tax. If you are a tax advisor then this course will provide you with valuable knowledge in your education.The course is split up in 6 sections which include:An introduction The Importance of a WillIncome Inclusions and Special ElectionsCapital Property and how it is treated on the Final Deceased ReturnOther Property and how it is treated on the Final Deceased ReturnDeductions available By the end of the course you will be able to prepare the final deceased return for a Canadian tax payer and be able to identify the importance of a Will. This course is targeted to Canadian accountants who are looking to expand their tax knowledge in relation to the death of a taxpayer. About the Instructor: I am a tax specialist that services clients all over Ontario. I have experience providing both corporate and personal tax planning strategies for family owned businesses, entrepreneurs and large corporations.Some of my specializations include:o Providing advice on how to structure certain transactions to ensure tax minimization; o Estate planning; o Implementing creditor proofing strategies. I have a diverse client base of owner-managed businesses and also work with professional accountants who need assistance with tax planning strategies.
Overview
Section 1: Introduction
Lecture 1 Introduction
Section 2: Importance of a Will
Lecture 2 Importance of a Will
Section 3: Income Inclusion and Special Elections
Lecture 3 Income Inclusion and special elections
Section 4: Capital Property
Lecture 4 Capital Property
Section 5: Other Property
Lecture 5 Other Property
Section 6: Deductions
Lecture 6 Deductions
Canadian Accountants who are looking to gain knowledge on deceased returns.
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