knowledge topics

Tax Returns for the Deceased

Identify tax returns for a deceased individual.
- Mandatory¹
- Optional¹
Explain the purpose of optional returns for a deceased taxpayer.
Identify due dates for tax returns upon death.
- For the final tax return²
- For the rights or things tax return³
- For a return for a partner or proprietor⁴
- For a return for income from a testamentary trust⁵
Explain the purpose of acquiring a clearance certificate from the Canada Revenue Agency.⁶
Explain the risk to the personal representative or estate administrator of distributing assets prior to receiving a clearance certificate from the Canada Revenue Agency.
Identify the requirement for the personal representative or estate administrator to receive a clearance certificate from the Canada Revenue Agency to confirm acceptance of the final tax returns.
- Final return clearance certificate
- Distribution of assets clearance certificate
Identify documentation a personal representative or estate administrator may choose to obtain in the act of closing an estate, such as:
- Clearance certificate from the Canada Revenue Agency
- Valid releases from beneficiaries
- Application to the court for passing of accounts

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