Estate Returns: What Executors Need to Know

Estate Returns: What Executors Need to Know

As an executor of a deceased person’s estate, you are responsible for filing any necessary estate returns with the CRA. When a person passes away, their estate becomes a separate legal entity for tax purposes. This is separate from a terminal or final return, which...
Terminal returns: what executors need to know

Terminal returns: what executors need to know

If you’re responsible for administering the estate of a deceased individual, you’ll need to file a terminal tax return in their name. In this article, we discuss what a terminal return is as well as why, when and how an executor needs to file it in order to avoid...