RRSP contributions in the year of death

Much has been written by the contributors to this blog about the various taxes arising in the year of death. As a tax adviser I will look for a way to either reduce the final tax or, at a minimum, defer some of the final tax to a later time. One such way of deferring the tax arising on death is for the executor to make one final registered retirement savings plan (RRSP) contribution for the year in which a person has died.
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Estate Planning

Abatement: What to do if there are insufficient assets in the estate to follow the testators wishes; a cautionary tale

A review of abatement and how it can affect estate planning…..

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Elder Law, Estate Administration, Estate Administration and Probate Applications, Estate Litigation, Estate Planning, Joint Tenancy, Succession Planning, Wills

The Accountant of the Superior Court of Justice: From an estates and guardianship perspective

The Accountant of the Superior Court of Justice-how does the fiat procedure work? What types of fees does the Accountant of the Superior Court of Justice charge for funds they hold in trust? A recent OBA program addressed these issues and more…..

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Estate Administration, Estate Litigation, Guardianship
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