ESTATE & TAX MATTERS Guided Support

Final Return Estate Filings Tax Clearance

PROFESSIONAL TAX SUPPORT • SHAMI CPA

Estate & Terminal Tax Return Services

Professional Tax Support for Deceased Individuals, Executors & Estates

When someone passes away, handling their tax affairs can involve more than preparing a final income tax return. Shami CPA helps legal representatives understand the tax filings and information required for the deceased person’s final return and, where applicable, estate-related tax matters.

Two-Stage Tax Journey Card

Two-Stage Tax Journey Canada (CRA)

Deceased Individual

Tax information up to the date of death

Final T1 Return

Terminal

Reports the deceased person's final tax information

Possible Estate Filings

Additional filings (e.g., T3 Trust) may apply depending on estate activity

Clear separation between personal and subsequent estate tax obligations.

What Is Estate & Terminal Tax Return?

A terminal or final tax return is the income tax return filed for a person who has died. In Canada, the legal representative generally files the deceased person’s final T1 return to report income and relevant tax information up to the date of death.

Depending on the circumstances, additional tax filings may also be required. For example, an estate may need to file a T3 Trust Income Tax and Information Return for income earned by the estate after the date of death. Certain optional T1 returns may also be available for eligible income.

The exact filing requirements depend on the deceased person’s financial circumstances, date of death, assets, income and estate activities.

Every estate is unique. Clear guidance helps prevent costly filing oversights.

Who We Help With Estate & Terminal Tax Returns

We work with individuals responsible for organizing the tax affairs of someone who has passed away, including legal representatives dealing with final and estate-related tax matters.

Executors & Estate Representatives

Executors, administrators and other legal representatives who need assistance preparing the deceased person’s tax filings.

Families Managing Tax Affairs

Family members responsible for helping organize financial and tax information following a death.

Estates With Ongoing Income

Estates that continue to receive income after the date of death and may have additional tax reporting requirements.

More Complex Financial Situations

Situations involving investments, real estate, business interests, multiple sources of income or other financial matters requiring careful review.

Previous-Year Returns

Where tax returns from earlier years were outstanding at the time of death, those filings may also need to be addressed. CRA specifically identifies prior-year returns among the filings that may be required.

Audience Index

Professional Categories

Not sure which situation applies to you? We can help you understand the tax matters that may need to be addressed.

Estate & Terminal Tax Return Services Based on Your Circumstances

What We Help With

Estate Tax Information

Review of financial information relevant to the deceased person’s estate and tax reporting obligations.

Optional T1 Returns

Where eligible, we can review whether optional T1 returns may apply to specific types of income and circumstances.

T3 Estate Tax Return Support

Where an estate earns income after the date of death, a T3 Trust Income Tax and Information Return may be required. We can help assess the applicable reporting requirements and prepare the relevant information where this service is within scope.

Prior-Year Tax Returns

Assistance with outstanding tax returns from years before the year of death.

Service 01

Final T1 Tax Return

Preparation of the deceased person’s final T1 income tax return, including relevant income, deductions, credits and other applicable information.

Filing & Tax Support

Preparation and filing support for applicable returns, together with assistance in understanding questions that arise during the process.

Income, Investments & Property Information

Review of relevant income and financial information, including investments, property and other assets that may affect the tax return.

Deductions & Tax Credits

Review of applicable deductions and tax credits based on the deceased person’s circumstances and the type of return being prepared.

How Our Process Works

Estate & Terminal Tax Return Process Works

A structured, compassionate, and precise approach to navigating terminal filings and estate tax obligations.

Understand the Situation

We discuss the circumstances, date of death, role of the legal representative and the type of tax support required.

Review Financial Information

We identify the relevant income, investments, property, tax slips and other supporting information.

Determine Applicable Returns

We review the circumstances to identify the applicable final, optional and/or estate-related tax filings.

Prepare & Review

We prepare the relevant tax return information and review the completed return before filing.

Filing & Next Steps

We assist with the applicable filing process and discuss relevant next steps arising from the tax return.

Have Questions About Your Estate & Terminal Tax Return? Discuss Your Situation →

Why SHmai cpa

Why Choose Shami CPA for Your Estate & Terminal Tax?

Navigating the fiscal responsibilities following a loss requires specialized Canadian tax expertise. Our practice provides deliberate, structured accounting guidance tailored precisely to estate administration.

CPA Expertise in Canadian Taxation

Estate and terminal tax returns require an understanding of Canadian tax rules, reporting requirements, and the tax implications of a taxpayer’s death.

Terminal Return & Estate Tax Knowledge

Shami CPA provides accounting and tax support for matters involving terminal returns, estate income, and tax obligations that may arise after death.

Accounting Support Beyond the Tax Return

Estate matters can involve more than filing a final return, with accounting and tax considerations extending into the administration and reporting of estate-related financial matters.

LET'S TALK ABOUT YOUR TAX SITUATION

Tell Us About Your Tax Return

Have a question about your estate & Terminal tax? Send us a few details and our team can help you determine the appropriate next step.

Need Help With a Terminal or Estate Tax Return?

Handling tax matters after a death can involve unfamiliar forms, financial records and filing requirements. Shami CPA can help you understand the applicable tax process and organize the information needed for the next step.

Mississauga-Based CPA • Estate & Terminal Tax Services