I still do not know but no one did his. The deadline for a T3 does not stop there, as income may continue to accrue while held in their original estate is created.
Your spouse may have no legal authority to perform a variety of important tasks for you if you become disabled and you don't have a power of attorney and they're not co-debtors or co-owners with you. As I mentioned earlier, there is no tax on estate assets, however, provinces do charge probate fees before estate assets are transferred to the beneficiaries. Since estate laws are complicated and your wishes are unique, it's always a good idea to draw up a will with the help of a legal professional. The deemed disposition tax is so named because your investments are deemed to be sold at the time of your death. With respect to RRSP and RRIF investments, if an eligible person has been named as a beneficiary, then the income from the investment does not have to be reported, and any tax is deferred.
