Canada Revenue Agency

Total 280 Posts

Caregiver Tax Credit (CTC), Disability Tax Credit (DTC): Do I Qualify?

•

Caregiver Tax Credit (CTC), Disability Tax Credit (DTC): Do I Qualify? Growing older with a disability raises questions for parents and adult children alike. For many parents raising a child with special needs, they worry who will look after their adult child when they are no longer capable. ….

Caregiver Tax Credit (CTC), Disability Tax Credit (DTC): Do I Qualify? Continue Reading »

Canada Revenue Agency, Estate Planning, Succession Planning

Consent to speak

•

Generally speaking, the Canada Revenue Agency requires a taxpayer’s consent to speak with someone other than the taxpayer about matters related to the person’s affairs. One may assume the consent requirement is relaxed when the taxpayer is deceased and the deceased’s affairs are in the hands of the estate trustee(s) Think again as this is not automatic.
….

Consent to speak Continue Reading »

Canada Revenue Agency, Estate Administration, Estate Planning, Executors, Succession Planning, Wills

Payment of Tax

•

In many cases, the deemed disposition rules cause significant tax liabilities in the year of death. In this case, some relief is available in the sense that income taxes owing for the year of death may be paid in annual instalments (not exceeding ten) with non deductible interest charged at the prescribed rate from the day taxes should have been paid. ….

Payment of Tax Continue Reading »

Canada Revenue Agency, Estate Administration, Estate Planning
Scroll to Top