Quote:
Originally Posted by Strange Brew
Well I'm going to push back on the deemed disposition rules a bit. It's certainly within the realm of the tax accountant to ask if the deceased held any investments and to explain the deemed disposition rules. That is fairly basic intake procedure and I am not a tax accountant by any stretch. That is probably the single biggest tax rule that affects returns for estates and your accountant should be highlighting that.
Also an examination of prior year returns should show dividend income.
But no disagreement on the bureaucracy and administrative headaches on dealing with CRA for an estate.
And you're right, they will pay you interest on a refund if there is a delay on their end. But not because you over-install or have too much withheld.
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I could be wrong, but my understanding of the situation is that investment info was provided for the final return but this was just a small batch of the investing information that was missed? When the Computershare holdings thing was mentioned, that was my assumption because I've seen the same scenario a few times before because those types of holdings don't always end up showing on some type of readily available/accessible statement.
But completely fair points if my understanding is mistaken.