Deceased-Tax-Returns-Canada.com (Clearance Certificate Legal Representative Death Property)
We solve your deceased person’s tax return problems.
The first question people ask is what tax returns are required.
The following returns may need to be completed depending on the circumstance:
1. The final return will be required in all cases
2. Return for rights and things
3. Return for partnership or sole proprietor
4. Trust return
There are special rules as to how to allocate income and deductions for each return, many tax saving measures are possible. It is possible to save a significant amount of tax by correctly applying the tax rules.
Another question client asks is what are the responsibilities by being an executor of a deceased person?
There are many legal and tax documents that Revenue Canada need to be completed.
We can guide you and complete the tax requirements.
Some responsibilities by being an executor are:
1. File all required returns for deceased
2. Pay taxes owing
3. Allocate balance of proceeds of estate after paying taxes to beneficiaries
Note by being an executor you could be liable for any amount the deceased owes if property under your control is distributed before taxes are paid. Our firm has extensive experience in filing all the necessary tax returns and ensuring all rules and regulations are followed to minimize the taxes payable
Phone us are 416-626-2727 begin_of_the_skype_highlighting 416-626-2727 end_of_the_skype_highlighting begin_of_the_skype_highlighting 416-626-2727 end_of_the_skype_highlighting. We look forward to hearing from you.
Gary Booth CA Professional Corp.
607-555 Burnhamthorpe Rd. | Toronto, On | M9C 2Y3
Tel: 416-626-2727 | Fax: 416-621-7136