Death of a Taxpayer

Our November Newsletter up and available here for you to read.

The purpose of this newsletter is to highlight some of the more common personal income tax implications and filing requirements when an individual passes away, as well as some items that each taxpayer should consider when planning their estate. Some of these items included are returns that need to be filed, deemed dispositions, income inclusions and rollovers, deductions and credits, planning and other taxes and administrative matters.

 

Whether you are a taxpayer completing your own estate plan or an executor administering a trust, your legal and financial advisors can be helpful in navigating these complex rules. If you have any questions or concerns, please contact our office for more information at 613-235-2000 and ask to speak to either Jacob Milosek or Jennifer Dawe.