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Financial Planning -> Wills and Estates -> What to do when someone diesWhat To Do When Someone DiesWhen a person dies, there are many tasks to be performed. The Government of Canada web site provides a great deal of help in dealing with the many tasks to be handled in the event of a death. Go to the Estate planning, wills and dealing with death page of the site. When executor, liquidator, or administrator fees are being paid out of an estate, the estate must register as an employer with Canada Revenue Agency. This is the responsibility of the executor. All applicable income tax and Canada Pension Plan contributions (not EI premiums) must be withheld from the payment. This only applies if the executor, liquidator, or administrator does not act in this capacity in the regular course of business. You should familiarize yourself with the responsibilities of the executor of an estate before accepting this position, or before dealing with any estate assets. When an individual dies, they have a deemed disposal of all of their capital property immediately before death, for proceeds equal to fair market value at the time of death. Resulting capital gains, net of capital losses, would be reported on the final tax return for the year of death. Special tax rules apply for capital losses in excess of capital gains for the year of death. Digital AssetsIf the deceased had
then hopefully they planned ahead, and have the information for these accounts/assets in a safe place and have let their executor know where to find the information. See Digital Estate Planning on the All About Estates website, written by Dave Madan, Market Lead and Manager, Scotiatrust. Canada Revenue Agency Wills and Estates ResourcesWhat to do when someone has diedHow to manage the taxes of someone who has died RC4111 What to Do Following a Death, which contains basic information that the family and legal representative should know to start settling the affairs of the deceased person. T4011 Preparing Returns for Deceased Persons T4013 T3 - Trust Guide Special Payments Chart - what types of payments are subject to CPP, EI and income tax withholdings. However, executors and administrators of estates are not on this list, so see: Calculating deductions - elected or appointed officials Estate and Will Information by ProvinceIt is advisable to have your will reviewed occasionally by a notary or lawyer, in particular if the legislation in your province regarding has been revised in recent years. A review can help to ensure that your wishes will still be upheld under the latest legislation. Alberta Estates and WillsFamily and Life Events - includes Dealing with death Wills in Alberta includes link to Wills and Succession Act- Alberta Justice
British Columbia Estates and WillsBC Death and Bereavement - Death Registration/Certificates, Wills Registry, Wills & Estates BC Public Guardian and Trustee Estate Administration Your Duties as Executor - Canadian Bar Association BC Branch Insurance Corporation of BC (ICBC) Checklist for Estate Transfers (pdf) of vehicles - Joint ownership with right of survivorship (JWROS) provides the simplest method for transferring the vehicle after death, and reduces probate fees. Wills, Estates and Succession Act - came into force March 31, 2014
Wills, Estates and Succession Act - Courthouse Libraries BC. Manitoba Estates and WillsFamily Law in Manitoba - see their Public Information Booklet Court of Queen's Bench Probate Division - Frequently asked questions The Wills Act - in effect since June 30, 2004
New Brunswick Estates and WillsWills and Estate Planning, including Probate of the Will Newfoundland and Labrador Estates and WillsSupreme Court: Frequently asked questions - Probate and administration Wills and Estates - Public Legal Information Association of NL Northwest Territories Estates and WillsNova Scotia Estates and WillsOntario Estates and WillsOffice of the Public Guardian and Trustee Apply for probate of an estate in Ontario
Quebec Estates and WillsWhat to do in the event of a death Prince Edward Island Estates and WillsBirth, Marriage and Death Certificates Saskatchewan Estates and WillsCourt of Queen's Bench - Wills and estates Wills and estates - Public Legal Education of Saskatchewan (PLEA)
Yukon Estates and WillsOffice of the Public Guardian and Trustee - Publications See also: Probate Fees by Province Tax Tip: Keep your will up to date, and ensure it complies with current legislation.
Revised: January 29, 2022
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