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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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
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
Topics covered in this section are:
- Foreign Tax Considerations
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