RIP - Terminal Filing

EVENT DESCRIPTION

Winter seminar sale! Receive 30% off our March seminars.

NOTE: This course description has been revised and reflects updates for 2022. If you have any questions, please contact pdevents@cpaontario.ca

SCHEDULE

This course has shifted online into two, half-day sessions.

This full-day seminar provides a detailed technical review of the numerous issues faced when preparing terminal or year-of-death filings.

The last tax return for a deceased individual carries significant implications for the executor and the inheritors under the will. In order to alleviate potential misunderstandings, this seminar provides a detailed technical review of the numerous issues faced when preparing terminal or year-of-death filings.

Specifically, the seminar emphasizes the preparation of returns and related planning for terminal filings. You will receive a review of relevant tax issues, engagement management, updated sources of tax research, and an overview of CRA assessing practices. In order to infuse the seminar with practical relevance, you will prepare and discuss real-life case studies pertaining to terminal filing.

Topics Include:

• Engagement management
• Tax filings upon death
• Identification and understanding of detailed compliance issues
• Compliance related to RRSPs and deferred income plan rules
• General compliance relating to terminal filings
• Identification of GST/HST matters

KEY TAKEAWAYS

Upon completing this course, you be able to:

• Establish a plan for approaching terminal filing assignments
• Identify and effectively utilize the different types of tax returns that may be filed for a deceased individual
• Identify and address significant issues relating to year-of-death filings

WHO WILL BENEFIT

While all professionals will benefit from this seminar, the seminar particularly targets practitioners who complete individual terminal tax filings and have an interest in understanding related planning strategies.

PREREQUISITE KNOWLEDGE

Prior to enrolling in this seminar, participants should possess knowledge of personal tax and ideally have experience in preparing T1 personal tax returns.

PRICING

Status: Registration closed on Mar 15, 2023

LOCATION

Online

SPEAKER(S) BIO

Milan Legris, LL.B., LL.M, TEP, is a tax and estate planning lawyer in Ancaster, ON. Milan restricts his work to consulting with other professional advisors for high-net worth individuals, senior executives and key employees, as well as owner-managers and their families. Milan was called to the Ontario bar in 1986 and is also an advisor and author of reference materials on taxation for the Law Society of Ontario’s (LSO) Professional Development and Competence Department. Milan was a lecturer and instructor for the LSO’s Bar Admission Course on taxation.