Taxation Considerations for Estates and Trusts (TET)

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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