CPP AND OAS – A POSTCRIPT
CPP AND OAS – A POSTCRIPT Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Planning, Investments, Property, Tax IssuesEstate Administration
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Amendments to the Estates Administration Tax Act
What we were hoping not to happen has now: The Ontario Minister of Revenue can now assess and reassess the taxes paid for probate applications – with more to come…..
Amendments to the Estates Administration Tax Act Continue Reading »
Estate Administration, Estate Administration and Probate Applications, Probate Tax, Tax IssuesConsider a voluntary disclosure where tax filings are either missing or incomplete
Your responsibilities as a trustee or executor of an estate may include completing the tax filings of the deceased and requesting tax clearance prior to the distribution of the estate in accordance with the will terms. Let’s say you find out that the deceased’s tax filings were not all up to date or incomplete and you have read about the possibility of tax penalties.
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