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Registration for the Fall 2019 semester begins June 25.  Watch your email for more details.

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Taxation at Death and Estate Planning

Course Code: ACCT 4670
Faculty: Commerce & Business Administration
Department: Accounting
Credits: 3.0
Semester: 15 weeks
Learning Format: Lecture, Online, Hybrid
Typically Offered: TBD. Contact Department Chair for more info.
course overview

This course outlines the special taxation rules that arise at death. The course covers income tax compliance as well as estate planning with the intent to minimize tax on the estate of the deceased taxpayer. Reference will be made to latest budgetary pronouncements, legislative changes, new case law and CRA administrative positions.

Course Content

1. Taxation rules at death applicable to the following:

  • Income in Year of Death and Income Deemed to Arise
  • Deemed Disposition of Assets
  • Wills
  • Intestacy
  • Spousal Claims
  • Special Assets
  • Charitable Donations
  • Special Rules and Elections
  • Insurance
  • Valuation Issues
  • Tax Filings, Payments, Assessments
  • Non-Residents
  • Foreign Assets

2. Post-mortem Tax Planning

3. Taxation of Estates

4. Estate Planning Pre-death

Methods of Instruction

Lectures and/or on-line

Means of Assessment

Assignments and Case Analysis 30%
Term Project and Presentation 10%
In-class Participation in Case Analysis             10%
Mid-Term Examination                                           20%
Comprehensive Final Examamination                          30%

Students must write both Mid-Term and Final exams in order to pass the course.

To pass this course, students must obtain a minimum of 50% on invigilated assessments, with the 50% calculated on a weighted average basis.

Invigilated assessments include, in-class quizzes, in-class tests, midterm exam(s) and the final exam.

Learning Outcomes

At the end of the course, the successful student should be able to:

  1. Calculate the taxation of income arising and deemed to arise in the year of death
  2. Determine the tax treatment of capital property at death
  3. Evaluate the income tax implications of an intestate estate
  4. Analyze issues involved in spousal claims
  5. Analyze special rules and elections applying at death
  6. Determine tax filings, payments, and assessments that may arise as a consequence of death
  7. Analyze the tax implications of death of a non-resident of Canada
  8. Evaluate the tax implications of foreign assets
  9. Evaluate taxation of estates
  10. Create post-mortem tax planning and estate planning pre-death

course prerequisites

ACCT 3370 with a grade of C or better

Corequisites

Courses listed here must be completed either prior to or simultaneously with this course:

  • No corequisite courses

Equivalencies

Courses listed here are equivalent to this course and cannot be taken for further credit:

  • No equivalency courses

curriculum guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester/year of the course, consider the previous version as the applicable version.

course schedule and availability
course transferability

Below shows how this course and its credits transfer within the BC transfer system. 

A course is considered university-transferable (UT) if it transfers to at least one of the five research universities in British Columbia: University of British Columbia; University of British Columbia-Okanagan; Simon Fraser University; University of Victoria; and the University of Northern British Columbia.

For more information on transfer visit the BC Transfer Guide and BCCAT websites.

assessments

If your course prerequisites indicate that you need an assessment, please see our Assessment page for more information.