Estate and Trust T3 Tax Returns in Coquitlam and Greater Vancouver

Clear Executor Support From the Final Return to the Clearance Certificate

We Handle the Filings So Your Family Can Focus on Everything Else

What an Executor Needs to File After a Death

Settling a loved one’s affairs is hard enough without tax deadlines hanging over you. As executor, you’re responsible for the final personal return, the estate’s T3 trust return, and obtaining a clearance certificate before anything is distributed. Miss a step and you can be held personally liable.

We’ve guided hundreds of families across Coquitlam and Greater Vancouver through this process. We prepare every required return, look for optional returns and elections that reduce the estate’s tax bill, and give you a clear checklist so nothing is missed. You’ll always know what’s done, what’s next, and what it costs.

Understanding the complexities of Estate Tax Return planning, we offer guidance that simplifies this critical process for you and your family. Our qualified staff, with years of experience in Estate Tax Return planning, has successfully assisted numerous families in Coquitlam and beyond. We guide you step-by-step, ensuring a robust estate plan and assuring you that your loved ones will be well taken care of, underpinned by our expertise in Estate Tax Return strategies.

Optional Returns: How Filing More Returns Can Lower the Tax

Optional returns are returns on which you report some of the income that you would otherwise report on the final return. By filing one or more optional returns, you may reduce or eliminate tax for the deceased. This is possible because you can claim certain amounts more than once, split them between returns, or claim them against specific kinds of income. Chaudhry Nafees & Company (CNC) Chartered Professional Accountant in Coquitlam, can help you to determine if it is advisable to file optional tax returns for the deceased person.

Estate Planning That Passes More to Your Family and Less to CRA

Losing a loved one is very difficult for any family, we understand this, let us help. On the final return, report all of the deceased’s income from January 1 of the year of death, up to and including the date of death. Report income earned after the date of death on a T3 Estate Trust Income Tax Return. In addition to the final return, you may be able to file up to three optional returns for the year of death. Information about the deceased’s income sources will help you determine if you can file any of these optional returns. You do not report the same income on both the final and an optional return but you can claim certain credits and deductions on more than one return.

Although you do not have to file any of the optional returns, there may be a tax advantage if you file one or more of them in addition to the final return. You may be able to reduce or eliminate tax that you would otherwise have to pay for the deceased. CNC Chartered Professional Accountant in Coquitlam will help you to file a final estate and trust income tax return for the deceased person.

Types of Estate and Trust Returns We Prepare

Taxes can be reduced significantly by filing these three taxes. Consult us to see what type of tax returns will be necessary for your situation. Please note probate fee and the funeral charges are not deductible according to CRA rules.

Estate Tax Return - Trust T3

As the legal representative, you have a number of responsibilities and duties, one of them is to file an estate tax return. We can help you to fulfil this major responsibility. We have several years of experience in completing trust T3 returns. We will prepare a customized checklist for you to eliminate stress in your executor’s duties. The return must be filed within 90 days of the year end.

Final Tax Return

The final return must be filed by April 30 of the following year or six months after the date of death, whichever is later. This return includes income earned or accrued to the date of death.

Right or Things Tax Return (Optional Return)

An optional tax return can be filed to minimize taxes. Rights or things are amounts that had not been paid to the deceased at the time of their death and that, had the person not died, would have been included in their income when received.

Effective Estate Tax Planning

We coordinate planning across your whole family's wealth, structuring your personal, family and business affairs so your wishes are carried out and more passes to your beneficiaries, not the government.

Clearance Certificate

As an executor you can be held liable for any amount the deceased owes to CRA. We can help you to prepare all the estate tax returns and obtaining the clearance certificate to have peace of mind.

Estate Trust Accounting

One of the critical responsibilities of the executor is to provide a full picture of income and expenses to beneficiaries. We can help you to prepare the estate’s financial statements after all expenses and debts have been paid, including income taxes, and before the remainder of the estate is distributed.

Start With Our Estate and Trust Tax Checklist

What Families Say About Working With Us

Google Review

Rated 5 out of 5

I brought my 2018 return into CNC to be reviewed as I felt I had missed something when I had originally filed. Sure enough, they were able to spot it and I am now waiting for a refund from Revenue Canada in the mail! I dealt with the owner, Nafees, who is friendly, knowledgeable and prompt. I'll definitely be bringing my taxes to him again this year. It was a very positive experience.

Jane Evans

Google Review

Rated 5 out of 5

Nafees has great problem solving skills. I had an issue with CRA for a while. They not only hold all my 2017 refund but also reassessed me for additional taxes. My previous accountant couldn't resolve the issue. Nafees handled the matter within few weeks. Not only I received my 2017 refund but also CRA reversed the reassessment. Nafees also filed 2018 taxes and I received my 2018 refund as well within couple of weeks. On the top of all this customer service was great, very polite staff. Fees was very reasonable. I will recommend Nafees for all the tax work. I am not going to change accountant anymore. This is the firm, I will be using from now on, for all my tax work.

Marty Green

Google Review

Rated 5 out of 5

Thanks Nafees for helping me out with my business taxes and saving me time and substantial taxes. With your professional approach and recommendations the whole process was painless. I will definitely recommend you among my friends for all bookkeeping and the tax work. Good to have an advisor like you during this difficult COVID19 times. Your advise was very helpful for my business.

Janet Wesley

Contact Our Professionals

When we founded CNCPA Accounting, our mission was clear: to provide individuals and families with the support they need to secure their financial legacies. With a dedicated team of experienced CPAs, we offer personalized estate and trust tax services designed to safeguard your assets and fulfill your long-term goals.

Let’s work together to protect what matters most, preserve your wealth, and build a secure financial future for generations to come.