Estates and trusts

Discover the basic income tax implications of estates and trusts.

Event Details

Location and date:
Online On-Demand Event

Trust law and tax law issues can be very complex. Our comprehensive online course provides you with an overview of the pertinent income tax implications of estates and trusts, with a special focus on personal trusts and federal income tax.

This course is based on the Income Tax Act effective as of April 21, 2016, and incorporates pending legislation announced up to and including that date.

View Table of Contents

Additional options and pricing may be available. See pricing and registration for more details.


10 CPD hour(s)
Pricing & registration

You will learn about:

  • basic trust law concepts
  • how to handle estate administration
  • optimizing income tax elections when preparing trust returns
  • computing tax payable

Who should attend?

  • financial planners
  • income tax planners

More Details:

Session Descriptions

• Estates
• Estate or trust accounting
• Example of accounts of an estate

Definition of trust
• Types of trust under the Income Tax Act
• Taxation of a trust

Disposition of property to a trust
• Attribution rules
• 21-year deemed realization

Taxable capital gains/allowable capital losses
• Pension income
• Investment income
• Business income
• Other income
• Deductions

• Income payable
• Taxation of beneficiaries
• Taxable benefits

Taxable income
• Taxes payable
• Non-resident beneficiaries

Income interest
• Capital interest
• Clearance certificates

Family trusts
• Henson trusts
• Management trusts
• Goods and services tax

Appendix A — Website references

Appendix B — Checklist of duties of legal representatives

Appendix C — Sample completed T3 return, schedules, and supplementary

Appendix D — Sample completed T3 return, schedules, and supplementary

Appendix E — Draft statement — Regulation 2800(1)


You may also be interested in:

Learn how to complete income tax returns and minimize taxes payable for deceased taxpayers.


Please contact:

Member Development and Support
Tel: 1-800-268-3793