You are a tax specialist at CAP LLP. One of your clients, a widower, Mr. Richard Sols,
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- You are a tax specialist at CAP LLP. One of your clients, a widower, Mr. Richard Sols, passed away on October 22, 2023 when he was 84 years old. His daughter, Ms. Irene Sols, was named at the executrix of his will, and has approached you with a few questions.
1. What tax returns will need to be filed on his behalf and when are they due?
2. Richard's will named me as the sole beneficiary of his estate. From what I am aware, he had the following assets: his condo in Toronto, a portfolio of marketable securities and his car. Do I have to pay tax for receiving these assets?
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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