This session will outline strategies and highlight pitfalls associated with the preparation and filing of terminal tax returns. Participants will be exposed to common challenges in the preparation of terminal returns and how those obstacles can be avoided and or mitigated.

Topics include final income, claiming tax credits, T1 adjustments, capital gains and losses and understanding spousal rollovers. Through real-world case studies and practical advice, attendees will garner additional insight and knowledge associated with the preparation of terminal tax returns.

Key Takeaways:

• Rights or Things

• RESP on Death

• Testamentary Trusts

• Personal Use Property

• Medical expenses

• Tax slip adjudication

• $10K Tax – Free Death Benefit

--- One hour (1.0)

Presenter: Michael Kulbak, MBA, CPA, CMA, TEP

Trust and Estate Professional - Kulbak Trust Solutions

Michael is Managing Principal of a fiduciary firm that provides Trustee, Professional Executor, Power of Attorney and Taxation Services. His area of specialization includes estate and trust planning, tax, estate administration and compliance. Michael has been a CFO, Trustee, Director, Officer, Treasurer and executive responsible for financial stewardship for a number of public and private organizations and trusts. He has extensive knowledge in terminal return preparation and submission and navigating the complexities of final tax filings. Additionally, he is a speaker, instructor and author, and continues to lecture on compliance, finance, tax and estate management to CPA’s, legal professionals and financial advisors.

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Registration $35 + Recording Available

No charge for Estate Planning Council of Canada Members

Guests are welcome - this event is for Professional Advisors only.

Membership Information