Taxation at Death: A Practitioner's Guide 2016

Author(s):
Grace Chow; Michael Cadesky

What’s inside

Table of contents

Details and specs:


This book outlines the special taxation rules that arise at death. It is written primarily for accountants, lawyers, trust officers in trust companies, insurance professionals or other financial advisors. The book gives a thorough explanation of the relevant matters through the main text itself, as well as the use of practical examples, reference checklists, tables, tax planning tips, cautions, undecided issues, and extensive reference to authoritative sources. The book also includes a sample deceased taxpayer tax return and a glossary of terms. Written in a user-friendly and easy to read format, this book is arranged in a logical order to allow the reader to progress through the subject areas in a way that should follow the preparation of a tax return for the deceased taxpayer and onwards from there. Taxation at Death: A Practitioner's Guide provides information on a variety of topics including:

  • The taxation of income arising in the year of death and income deemed to arise in the year of death
  • The tax treatment of assets at death
  • The income tax implications of an intestate estate
  • Tax issues involved in spousal claims
  • Special rules and elections applying at death
  • Tax filings, payments, and assessments that may arise as a consequence of death
  • The tax implications of death of a non-resident of Canada
  • The tax implications of foreign assets
  • Taxation of estates

Highlights include:

  • Practical and useful examples
  • Reference checklists
  • Tax tips
  • Cautions
  • Tables
  • Undecided issues
  • Glossary of terms
  • Sample deceased taxpayer tax return

What's New

  • Post mortem tax planning strategies updated for 2016 rules
  • Analysis of the importance of the graduated rate estate concept, what it means, and the tax planning strategies which follow from it
  • New rules for donations from 2016 onwards and the implications and traps to avoid
  • New CRA technical interpretations and positions of interest

TABLES OF CONTENTS Chapter 1 – Introductory Concepts Chapter 2 – Income in Year of Death Chapter 3 – Income Deemed to Arise Chapter 4 – Deemed Disposition of Assets Chapter 5 – Wills Chapter 6 – Intestacy Chapter 7 – Spousal Claims Chapter 8 – Special Assets Chapter 9 – Charitable Donations Chapter 10 – Special Rules and Elections Chapter 11 – Insurance Chapter 12 – Valuation Issues Chapter 13 – Tax Filings, Payments, Assessments Chapter 14 – Non-Residents Chapter 15 – Foreign Assets Chapter 16 – Post-mortem Tax Planning Chapter 17 – Taxation of Estates Chapter 18 – Estate Planning Pre-death Chapter 19 – Recommendations for Amendments

Est Cost:New editions supplied every two years on standing order subscription

Publisher:
Carswell

Practice Area:
Estate Planning,Taxation Law

Jurisdiction:
General

Publication Date:
2016-03-31

Hardcover Specifications

Service #:
30836180

Sub #:
30836451

Pages:
Not available

Shelf Space:
Not available

Volume:
Not available

Anticip Unkeep Cost:
Not available

eBook Specifications

ISBN:
9780779871971