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Originally Posted by Twitchy15
He did not own any property so not sure what would be taxed or not. Essentially just what’s in his bank account, I now have the vehicle in my name and then there will be life insurance money and rrsp. I know the rrsp will be taxed but I guess I’ll find out around tax time?
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Get an accountant to do his taxes up to his death and after death taxes. All fees for that should come out of the Estate account as well any taxes owing.
You will also need a clearance certificate from the CRA that confirms that the deceased has paid all taxes and any interest owing.