Preliminary considerations
• Distinguishing the legal representative from the professional preparing the returns
• Standards
• Gathering relevant facts
• Other actions to consider before preparing returns
• Non-residents
• Important concepts
Ordinary income in the year of death
• Periodic payments
• Rights or things
• Business income
• Testamentary trust income
• Other income
Deferred income plans, non-capital property, death benefits, and life insurance
• Deferred income plans
• Non-capital property
• Death benefits
• Life insurance policies
• Tax-free savings account
Capital property: The basic rules
• Depreciable property
• Other capital property
Capital property: The basic rules
• Spouse/common-law partner/spouse or common-law partner trust beneficiary
• Farm and fishing property
• Capital property reserves
• Partnership interests
• Capital stock
Tax credits, compliance, and tax planning
• Tax credits
• Elective returns: Common attributes and the advantage of filing them
• Income tax returns
• Other compliance matters
• Planning