After a Taxpayers Death
In this course, we will focus on estate taxation. Canada does not have an estate or inheritance tax. However, upon someone’s death, the executor must file a T3 tax return for the Estate. Once the course is completed, students will be able to understand what trusts are, the different types of trusts that exist, how Estates are taxed, the deemed realization of capital gains and losses of trusts, the new reporting requirements, how to wind up an Estate and the preparation of a Trust Return through Tax Prep. If you are a tax advisor, then this course will be able to provide you with valuable information on the Estate process.
You may watch my previous course as well called “Deceased Taxpayers - the Final Personal Tax Return.”
8 activities • 7 videos • duration: 50m
CPA, CA
CPA | In-Depth Tax Certificate 👩🏽💻🇨🇦 Your Virtual Tax Coach 💰 🧠 I’m Parveen - a CPA, mom, and a creator who enjoys building value-add content. I’ve worked in public accounting for years, and along the way, I realized how outdated and dry most PD content feels. 👩🏽💻 I believe that CPAs deserve engaging, practical education that genuinely enhances their careers. That’s why I’m dedicated to developing PD-accredited courses that are not only informative but also enjoyable. Let’s transform professional development into an experience that truly helps you become a better planner. 📈
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
Very good information as I have never completed an estate return before.
The content is good for the beginner level. The instructor is reading the material behind the screen; the speech is fast, and no captions are provided. Be prepared to go back several times.
Very good.
Good explanation of initial meaning of Trust
