Lecture and/or Seminar: 1 X 3 hours per week OR 2 X 2hrs per week
Lectures, seminars and case analysis. All methods of instruction apply to in class, hybrid and/or online modes of learning.
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
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.
Evaluation will be carried out in accordance with the Douglas College Evaluation Policy.
| 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% |
| Total | 100% |
Students must write both the midterm examinations and the final examinations 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.
Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.
Taxation at Death: A Practitioner's Guide. By: Grace Chow and Michael Cadesky. Carswell-Thomson Reuters Canada
OR other textbooks as approved by the Accounting department.