Tax Filing Process for a Deceased Taxpayer
Every estate is unique, however generally the process to report the final tax liabilities will be as follows:
- Gather and provide us with the documentation requested in our Information Package:
- When the tax information is available, gather and provide us with the documentation requested on the Personal Income Tax Return Organizer/Checklist:
- The final tax return is due the later of April 30 of the following year or 6 months after the date of death. The final return cannot be prepared and filed after February of the year following death.
- The final personal tax return includes income up to the date of death. There may be an estate return required for income earned after the date of death but before all assets are disposed and distributed to beneficiaries.
- Please be aware there may be special clearances required from CRA before distributing funds from the estate to non-resident beneficiaries.
- Once the estate assets are liquidated and there is no further income being earned by the estate the final estate return is filed.
- After all tax returns have been filed, assessed and the taxes have been paid in full, we can request a clearance application from CRA. This usually takes 3 – 6 months for CRA to process.
- CRA will provide a clearance certificate. Once received, the final distribution can be made to the beneficiaries.
SUBMIT YOUR INFORMATION TO US
Submit your completed documents from above via one of the following:
- Drop off your paper documents at our office through our secure mail slot during regular business hours, or
- Use our secure client transfer to send us the information electronically