Death & estate taxes

Compassionate Estate Tax Planning

Navigating Complex Estate Financial Matters

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Losing someone is difficult enough. The last thing you want to deal with are the complexities of reporting and paying their final taxes. Save yourself the trouble and hire a professional death taxes and estate tax accountant.

Death Taxes and Estate Tax

Dean & Associates is a professional accounting firm specializing in death and estate taxes. We provide expert guidance and personalized service to help you navigate the complex and often confusing process of settling an estate. Trust us to handle the financial details and ease the burden on your loved ones during this difficult time.

Our team of experienced professionals has a deep understanding of the complex tax laws and regulations surrounding death and estate taxes, and we are dedicated to helping our clients navigate this challenging process with ease and confidence. We have office in Mississauga, Toronto, Ottawa, London, Burlington, Markham and can take care of all your death or estate tax matters in those surrounding areas.

Unfortunately, even death can’t bring release from taxes. However, we can help you work through all of the financial information of your loved one and report to the CRA. We will need to report all income earned up through death as well as any income earned after death.

Rules for submission of the tax information will be according to the time of the year that the individual has passed. If this is between January 1st to October 31st, then the due date is April 30th. On the other hand, if your loved one has passed in November or December, then the filing is due six months after the date of passing.

Block Fee's Packages:

• Terminal (Death) Return -T1
• Application for Estate Trust Number
• Estate Return (T3)
• Tax Clearance Certificate from the Minister
• Dealing with CRA (Questions/clarifications)

Peace of Mind for Executor

Focus on grieving and taking care of your family. Our experts will work with lawyers, trustees, and beneficiaries to complete all tax requirements for your loved one. We will ensure that there is complete transparency throughout the process.

Final tax returns must be completed for all Canadian Tax payers. All income earned until the death is reported on the final return. Report income earned after the date of death on a T3 Trust Income Tax and Information Return.

We work with lawyers, trustees, beneficiaries to complete all CRA requirements. We also assist in Estate tax and Death taxes returns.

Generally, the final return is due on or before the following dates:

• If the death occurred between January 1 and October 31 inclusive, the due date for the final return is April 30 of the following year.
• If the death occurred between November 1 and December 31 inclusive, the due date for the final return is six months after the date of death.

Estate Tax or Death Taxes

There is no inheritance tax in Canada. The taxes are paid directly from the Estate prior to reaching the heirs. The Trust returns have to filed if disposition occurs after the filing of the death return. We will file the estate return and calculate any taxes owed to CRA.

We apply for the clearance certificate for the distribution of the estate proceeds.

Work with a Team: The best way to ensure you plan your estate properly is to work with a team of accountants and insurance brokers. These professionals train in the art of estate planning, and can help you best allocate and protect your remaining assets
.Are you looking for a team to help you plan your estate? Dean and Associates Accounting offers experienced accountants, prepared to help you organize your estate in preparation for the future.

Don't let death and estate taxes become a burden for you and your loved ones. Let the experts at Dean & Associates in one of our offices handle your Mississauga, Toronto, Ottawa, London, Burlington or Markham death and estate taxes needs with ease and professionalism. Contact us today to schedule a consultation and take the first step towards a smooth and stress-free tax process.

Get the Death Taxes or Estate Tax expert help that you need with your accounting and taxes. Contact our Tax Accountant for Medical Professionals.

Death and Estate Tax Accountant Mississauga, Toronto, Ottawa, London, Burlington, Markham