Be Prepared When It Comes to Final Returns

Death is never timely, yet it comes to at least 1% of the population each year. Brushing up on filing requirements and planning opportunities in the year of death can save families thousands of dollars. Now is a great time to take Knowledge Bureau’s Final Returns on Death of a Taxpayer course so you can plan the after-tax consequences of deemed disposition of assets at death for your clients and their heirs.

The student will gain a thorough understanding of how both income and capital accumulations are taxed when the taxpayer dies, as well as strategies to minimize those taxes.  True-to-life case studies on professional software will help you practice and understand the many options to think about. Learn how to:

• Understand death as a financial event and discuss its ramifications with clients.
• Spot potential income-tax problems waiting in the wings for your client alongside the grim reaper.
• Ask better questions and bring value to the client relationship by identifying possible solutions to those problems.
• Identify and discuss creative tax strategies that take advantage of the opportunities presented by death, both in terms of personal and business finances.
• Prepare all possible T1 returns in the year of death.
• Identify opportunities for probate avoidance (applicable only in high-probate jurisdictions).

Final Returns on Death of a Taxpayer is one of six courses in the Tax Services Specialist – Distinguished Financial Advisor designation. To find out more visit www.knowledgebureau.com or call 1-866-953-4769 for assistance.

What Our Students Say:

“My objective in taking this course was to be able to promote myself as having the knowledge to prepare tax returns for the deceased. This objective was met as I did learn, and will remember, things I had never considered. The course makes you think of things you should be asking your clients.” Arlene W., ON

“A superb way to look at planning for end of life. Material was excellent.” Almas Mawani-Chatur – Unionville, ON

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