The practice of Estate and Trust taxation is a highly specialized one. Our tax professionals have the requisite training, experience and expertise to deal with the complexities of Estate and Trust taxation and endeavour to proactively analyze and identify tax planning opportunities in a manner that will preserve client wealth and minimize tax liability, always with our evolving tax laws in mind. We work with a network of wealth management professionals to provide a wide range of tax services to executors, trustees, high net worth individuals and their families, First Nations, charities, and employers offering executive compensation programs.

Executor Tax Services

Legal, tax and administrative issues can make the duties of an executor complex and time-consuming. Among their many duties, executors may need to file up to five tax returns. Our tax professionals work with executors to provide the following services:

• A thorough review of the estate, including the will, with consideration of all potential tax elections and deferral opportunities
• Preparation of terminal T1 and provincial tax returns to date of death, indentifying key tax savings opportunities
• Preparation of optional tax returns to maximize tax savings
• Preparation of any unfiled prior year T1 and provincial tax
• Preparation of T3 Trust and provincial tax returns, if needed
• Review of tax assessment notices and related correspondence
• Identification of non-resident tax issues
• Obtaining the final tax clearance

Trustee Tax Services (Inter Vivos and Testamentary)

If you are a Trustee, you’ll recognize that the preparation of Trust tax returns is a specialized area of taxation. Our highly trained Estate and Trust tax specialists focus on the practice area of Trust taxation. As an industry leader, we have a wealth of resources to handle all possible situations. Our tax professionals work with trustees to provide the following services:

• Review of the Trust instrument to indentify any tax implications and tax planning opportunities
• Preparation of annual T3 return, including T3 slips, considering elections available to the beneficiaries and trusts
• Tax planning to minimize impact of 21-year deeming rules
• On windup of a Trust, a review of the asset mix to provide advice for the optimal distribution of assets and consideration of the financial needs of the beneficiaries