Presentation: What you need to know about death and taxes

To make it easier for you to prepare materials for clients, we’ve developed this text for a slideshow on the topic of ways to minimize taxes for heirs when clients pass on (Based on an article by Elaine Blades and Scott Cummings). We know you’ll want to customize them and add elements specific to your client, so we’re providing a Word file to make that easier (there is no PowerPoint). All you need to do is fill in your own details and then move the slides into your favourite presentation software or app.

Enjoy, and we hope this offering helps enhance your client meetings.

Here’s an example of the first 5 slides. Download the word file to see the rest.

SLIDE 1

Income taxes in the year of death can be quite significant.

SLIDE 2

You can’t avoid them, so you need to factor them into your financial or estate plan.

SLIDE 3

2 Main Tax Rules

SLIDE 4

#1

Worldwide income earned and accrued from January 1 to the date of death is reportable on the final (terminal) T1 tax return.

SLIDE 5

Includes investment and employment income.