It is often said that, in life, there are two absolute certainties: death and taxes. Ironically, the death of an individual triggers various tax implications even after death. In this course, we will take a detailed look at what happens for income tax purposes when a person passes away.

Topics include:

• Wills, estates, executors, beneficiaries
• Returns, deadlines, income allocation
• Specific rules after death: Deemed Disposition – fair value versus cost, Principal Residence Exemption, Losses, Donations, Medical expenses, Death Benefits, Registered Plans
• Practical considerations and examples