- Day 1 - Tues, October 24, 2023 @ 9:00 am - 5:00 pm
- Day 2 - Wed October 25, 2023 @ 9:00 am - 5:00 pm
More than one in five (21.8%) in the Canadian workforce are aged 55 to 64. This is an all-time high in the history of Canadian censuses. This community will be seeking finance and tax professionals who can execute and demonstrate expertise associated with their estate, trust, tax and legacy planning objectives. CPAs are uniquely qualified fiduciaries to serve this record-breaking population base.
Before registering for this session, please note, it is going to be an in-person session and will be held at the Chartered Professional Accountants of Ontario office in at 130 King St. W. in Toronto. You MUST attend in person to participate, there will not be an option to join this session virtually.
We are no longer asking for vaccine attestation or mandatory masking in our sessions for anything on or after October 1, 2022, but we do ask that you do your best to protect yourself and others. This includes monitoring your symptoms pre-session. If you are experiencing any of the following symptoms, we ask that you contact us at firstname.lastname@example.org
- Fever above 38
- New onset or worsening of existing cough
- Shortness of breath or difficulty breathing
- Loss of sense of smell and/or taste
- Stuffy or runny nose
- Sore throat
- Muscle aches
- Nausea, vomiting, diarrhea
- Fatigue or exhaustion or loss of appetite
If you have any of the symptoms listed above, please contact to be withdrawn and credited from the session and invited to attend either a future offering of your course or to choose another course and you will not be charged a withdrawal fee.
This certificate program is designed for professionals who are seeking proficiency in estate and trust administration, estate accounting and trust tax reporting. This comprehensive program builds from a tax and estate planning scenario to the execution of a will, estate administration, tax filing and reporting to the stakeholders and courts. Participants will learn by interacting with an actual case and preparing documentation that would typically be available for submission to legal, regulatory and taxation authorities. Many of the tools outlined and skills developed are applicable to any fiduciary engagement.
Post workshop. participants will have an understanding of the traditional estate accounting sections and reporting, how to deal with unique transactions, estate administration efficiency opportunities and trust tax return preparation and filing. Participants will learn how to navigate an estate administration and recognize pitfalls associated with estate accounting. They will review new trust reporting requirements and enhance their trust tax reporting acumen.
Expect to leave this program with the confidence to assist anyone acting as an executor, estate trustee, attorney under power of attorney for property and fiduciary related engagements.
Upon completion of this course, participants will be able to:
- Understand of the estate administration process, fiduciary responsibilities and pitfall avoidance
- Review the components and preparation of Estate Accounting (“Passing of Accounts”) Reports
- Consider nuanced scenarios such as:
- Family-owned business
- Digital Assets
- Legal and family law claims against an estate
- Foreign property
- Minor beneficiaries
- Estate is a beneficiary
- Examine Death of a Taxpayer Tax Planning and administration efficiency opportunities
- Prepare and file Testamentary trust T3 tax and information return
WHO WILL BENEFIT
Attendees should have an understanding of a what a fiduciary does and nominal understanding of the Trust and Estate Planning Process. It would be helpful if they have some insight on some of the planning and associated consequences of Death of a Taxpayer.