What will you learn about?

Students will acquire detailed, technical knowledge on the taxation of estates and trusts and how to identify potential tax-saving opportunities while meeting all tax-filing requirements.

Upon completion of the course, students will be able to:

  • Identify the relevant tax implications for the preparations of a final T1 return and the first T3 return
  • Explain the issues in the preparation of the T3 returns for the first and subsequent years of an ongoing trust
  • Discuss foreign tax issues related to the death of a taxpayer and the taxation of estates and trusts
  • Identify specific situations where attribution applies

TET is one of the requirements for CSI’s MTI® Estate and Trust Professional designation. It can also be taken as a stand-alone course.

What is the course syllabus?

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Module 1

Section 1 - Taxation on Death of a Taxpayer

Topics covered in this section are:

  • Deceased Taxpayers: Required and Elective Returns
  • Types of Income Reported to Date of Death
  • Capital Gains and Losses
  • Rollovers to Spouse or Spousal Trust at Death
  • Tax Credits and RRSP Contribution Deductions
  • Objections, Appeals and Reassessments
  • Penalties and Interest

Module 2

Section 1 - Taxation of Trusts

Topics covered in this section are:

  • Trust Income Tax Basic Concepts
  • Trust T3 Tax Return Administration
  • Income and Deductions Reportable By Trusts
  • Capital Gains and Capital Losses of Trusts
  • Trusts and Beneficiaries

Section 2 - Foreign Tax Considerations

Topics covered in this section are:

  • Foreign Tax Considerations

Section 3 - Attribution

Topics covered in this section are:

  • Non-arm’s Length Transfers and Attribution Rules
  • Revocable Inter Vivos Trusts

How will you learn?

CSI’s online learning system helps you meet your study goals. You’ll benefit from:

  • Textbook readings available in PDF and printed format
  • Course materials accessed through your computer or laptop
  • Learning objectives that help you to keep the learning focused
  • Online interactive learning activities, including access to assistance from CSI’s academic support specialists

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