Taxation on Death: The Basics | February 2013

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Please join Vitaly Timokhov for our next installment:

In this webinar, Vitaly will discuss:

• Taxation on Death: The Basics

Vitaly Timokhov presents on the negative tax aspects of death, section 70, charitable donations and gifts, avoiding probate taxes, RRSPs amounts left over on death, stock options, flow-through shares, the deemed disposition of capital and other capital-like assets through subsection 70(5), the allocation of income in the year of death, death benefits and retiring allowances, net capital losses and carrybacks, spousal rollovers, debt forgiveness, small business corporations and their shares (QSBC), the kiddie tax, depreciable capital property rules, what are “rights and things” and how to deal with them, terminal tax returns, issues with timing – such as a decline in RRSP value, testamentary trusts, and professional expenses incurred by the estate.