After the death of an individual, all the assets of the deceased individual become part of his estate.

An estate of a deceased individual is treated as a trust for the purposes of Taxation and a T3 trust return must be filed to report the income of the estate.

With new rules in place for the Graduated Rate Estate, the estate taxes have become complicated and failure to properly report information on the tax return will result in higher tax liabilities.

Also, you can not Net File an estate return like any other individual return, therefore it becomes even more critical to sought advice.

Visit your nearest Softron location today or call 905-273-4444 to book an appointment.