Clearance Certificate & Deemed Disposition (416-626-2727), deceased-tax-returns-canada.com
taxescanada2011
2013-07-27
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http://www.deceased-tax-returns-canada.com/
Clearance Certificate & Deemed Disposition
Do you know what a clearance certificate is?
Have you heard of a deemed disposition?
This is Gary Booth from deceasedtaxreturns.com. Today, we are going to discuss two important points regarding deceased person's
tax returns. Clearance certificates and deemed disposition.
A clearance certificate certifies that all amounts for what the deceased is liable to CRA have been paid. As a legal representative you may want to get a clearance certificate before you distribute any property under
your control or you may be personally liable for any taxes the deceased owes.
Beneficiaries and executors want this ASAP and with our expertise we will obtain it in the quickest time possible.
Deemed Disposition This is a term often used but not understood
When a person dies it is normally considered that the person has disposed of all capital property right before death even though no actual sale has taken place. This is called deemed disposition.
This could result in either a gain or loss, a terminal loss, a recapture of capital
allowances or a combination of the above.
This area has significant tax issues and possible tax minimization strategies.
We can provide the professional help you need in these difficult times. Phone us at 416-626-2727 or email us at or visit our
website www.deceasedtaxreturns.com
Final Tax Returns for Deceased individuals
Do you know which tax returns an executor is required to file when someone dies?
Did you know that there are many tax savings opportunities on the final tax returns which can save you $1000's of dollars
Do you know what a trust return is?
Hello, This is Gary from deceasedtaxreturns.com. Today, we are going to talk about some common questions executors ask regarding tax returns.
For example:
What Returns do I need to file?
There are usually 3 kinds of returns you need to file on the death of an individual.
- 1. A final return is always required
- 2. Any prior year returns not filed must be completed
- 3. A Trust return may be required and it is for income earned in the estate of the deceased.
Remember the executor or legal representative is liable for any amount the deceased owes if property under your control is distributed before all taxes are paid.
We can provide the professional help you need in these difficult times. Phone us at 416-626-2727 or
email us at [email protected] for more information on how we can help you. You can also visit our website at http://www.deceasedtaxreturns.com
Clearance Certificate & Deemed Disposition
Do you know what a clearance certificate is?
Have you heard of a deemed disposition?
This is Gary Booth from deceasedtaxreturns.com. Today, we are going to discuss two important points regarding deceased person's
tax returns. Clearance certificates and deemed disposition.
A clearance certificate certifies that all amounts for what the deceased is liable to CRA have been paid. As a legal representative you may want to get a clearance certificate before you distribute any property under
your control or you may be personally liable for any taxes the deceased owes.
Beneficiaries and executors want this ASAP and with our expertise we will obtain it in the quickest time possible.
Deemed Disposition This is a term often used but not understood
When a person dies it is normally considered that the person has disposed of all capital property right before death even though no actual sale has taken place. This is called deemed disposition.
This could result in either a gain or loss, a terminal loss, a recapture of capital
allowances or a combination of the above.
This area has significant tax issues and possible tax minimization strategies.
We can provide the professional help you need in these difficult times. Phone us at 416-626-2727 or email us at or visit our
website www.deceasedtaxreturns.com
Final Tax Returns for Deceased individuals
Do you know which tax returns an executor is required to file when someone dies?
Did you know that there are many tax savings opportunities on the final tax returns which can save you $1000's of dollars
Do you know what a trust return is?
Hello, This is Gary from deceasedtaxreturns.com. Today, we are going to talk about some common questions executors ask regarding tax returns.
For example:
What Returns do I need to file?
There are usually 3 kinds of returns you need to file on the death of an individual.
- 1. A final return is always required
- 2. Any prior year returns not filed must be completed
- 3. A Trust return may be required and it is for income earned in the estate of the deceased.
Remember the executor or legal representative is liable for any amount the deceased owes if property under your control is distributed before all taxes are paid.
We can provide the professional help you need in these difficult times. Phone us at 416-626-2727 or
email us at [email protected] for more information on how we can help you. You can also visit our website at http://www.deceasedtaxreturns.com
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