CCSB has over 30 years of experience helping individuals, families, small businesses, and corporations plan for taxes of various kinds on death, with our multidisciplinary tax and estate planning lawyers.
The estate administration tax (formerly known as probate fees) is levied based on the total value of a deceased’s estate if a Certificate of Appointment is required. Our estate planning lawyers advise our clients on a variety of ways to minimize estate administration tax.
We also work with executors in determining the estate administration tax payable by the estate when applying for a Certificate of Appointment of Estate Trustee and to prepare the Estate Information Return.
A deceased person is deemed to have disposed of all of his or her assets immediately before death, and income tax is payable on capital gains triggered as a result of such deemed disposition. Our estate planning lawyers assist clients in tax planning strategies to minimize income tax payable on death. We also work with executors where an estate owns a private corporation to maximize tax efficiencies for the estate.