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.
1. Taxation rules at death applicable to the following:
- Income in Year of Death and Income Deemed to Arise
- Deemed Disposition of Assets
- Spousal Claims
- Special Assets
- Charitable Donations
- Special Rules and Elections
- Valuation Issues
- Tax Filings, Payments, Assessments
- 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
|Term Project and Presentation
|In-class Participation in Case Analysis
|Comprehensive Final Examamination
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.
At the end of the course, the successful student should be able to:
- Calculate the taxation of income arising and deemed to arise in the year of death
- Determine the tax treatment of capital property at death
- Evaluate the income tax implications of an intestate estate
- Analyze issues involved in spousal claims
- Analyze special rules and elections applying at death
- Determine tax filings, payments, and assessments that may arise as a consequence of death
- Analyze the tax implications of death of a non-resident of Canada
- Evaluate the tax implications of foreign assets
- Evaluate taxation of estates
- Create post-mortem tax planning and estate planning pre-death
ACCT 3370 with a grade of C or better
Courses listed here must be completed either prior to or simultaneously with this course:
Courses listed here are equivalent to this course and cannot be taken for further credit:
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.
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.
If your course prerequisites indicate that you need an assessment, please see our Assessment page for more information.