Tax Services for Trusts & Estates in Ottawa
Professional Tax Support for Executors, Trustees, and Estate Planners
Managing the tax responsibilities of a trust or estate can be complex and time sensitive. Whether you are an executor, trustee, or individual planning for the future, our team of Ottawa-based Chartered Professional Accountants helps you meet every compliance requirement with confidence.
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Trusted by Ottawa families, legal advisors, and estate planners
Comprehensive Support for Trust and Estate Tax Matters
Trusts and estates require specialized tax knowledge. At Boyer & Boyer CPA, our experienced team of Chartered Professional Accountants provides personalized tax solutions for estates, trusts, and beneficiaries across Ottawa and beyond. Whether you’re administering an estate or planning for the future, we offer expert guidance every step of the way.
As a bilingual (English/French) firm, we serve clients in both official languages with ease.
We support:
•Testamentary trusts, family trusts, and inter vivos trusts
•Executors and trustees managing estate compliance
•Legal and financial professionals seeking tax expertise
•High-net-worth individuals planning for succession
With Boyer & Boyer, CPA you gain a long-term partner for navigating trust and estate taxes with clarity and confidence.
Tax Filing and T3 Returns for Trusts and Estates
Filing taxes for a trust or estate involves unique forms, timelines, and rules. We provide full-service T3 return preparation and filing to ensure compliance with the Canada Revenue Agency (CRA) and avoid unnecessary penalties.
- T3 Tax Returns: We accurately prepare and file T3 Trust Income Tax and Information Returns, including income allocations, distributions to beneficiaries and the new schedule 15 that might be applicable in certain filings.
- Executor and Trustee Support: Our CPAs work directly with you to handle the accounting, record-keeping, and compliance on your behalf.
- Year-End Estate Filing: We ensure final tax returns are submitted correctly, even in complex post-mortem scenarios.
Succession and Estate Planning
Planning ahead can significantly reduce the tax burden on your beneficiaries and ensure your wishes are honored. Our tax planning services are designed to protect intergenerational wealth and simplify the transfer of assets.
- Wills and Wealth Transfer Strategies: We help you structure your estate to minimize tax and ensure your assets are distributed as intended.
- Trust Planning: Whether you’re creating a testamentary trust or family trust, we advise on optimal structures for long-term tax efficiency.
- Estate Administration Guidance: Navigate probate tax, asset distribution, and CRA filings with professional support every step of the way.
Post-Mortem Tax Compliance and CRA Audit Support
After the passing of a loved one, tax compliance becomes more complicated. Our team supports you through every regulatory obligation and potential CRA interaction, giving you peace of mind during difficult times.
- CRA Representation: We respond to CRA inquiries and represent you during audits, disputes, or requests for additional documentation.
- Voluntary Disclosures: If past filings were missed or incorrect, we’ll guide you through the CRA’s Voluntary Disclosure Program to reduce penalties.
- Notice of Objection and Appeals: Disagree with a CRA assessment? We help prepare and file formal objections and manage the appeals process.
Investment Income Tax Planning for Estates and Trusts
Managing the tax impact of investment income such as capital gains, rental income, or dividends is critical for optimizing your trust or estate’s long-term performance.
- Tax Strategy for Investments: We create customized plans to reduce annual tax liability from trust-held or estate investments.
- Income Allocation Advice: Ensure beneficiaries receive tax-efficient income distributions, minimizing overall estate tax exposure.
Looking for an Experienced Estate and Trust Tax Accountant in Ottawa
Our experienced CPAs offer personalized, trustworthy tax services for trusts, estates, and beneficiaries across Ottawa. Whether you’re planning or settling a loved one’s estate, our team is here to support you through every tax obligation.
We proudly offer services in both English and French to accommodate our diverse Ottawa community.
Book your consultation today to speak with an estate tax CPA.
Trusts & Estate Tax FAQs
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What is a T3 Trust Income Tax and Information Return in Canada?
A T3 return is the CRA form used to report income earned by a trust or estate, along with distributions to beneficiaries.
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When is a T3 return required in Canada?
A T3 return must be filed if the trust or estate earned income or made distributions during the year.
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Who is responsible for filing a T3 Trust return?
The executor or trustee is legally required to file accurate and timely T3 returns with the CRA.
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What is the filing deadline for T3 Trust returns?
Generally, a T3 return is due 90 days after the trust’s year-end. Estate returns may have different deadlines.
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What is an estate administration tax (probate tax)?
This provincial tax is based on the total value of the deceased’s assets and is payable during the probate process.
Common Tax Questions We Help Answer
When it comes to trusts and estates, many clients aren’t sure where to start. We simplify the process by answering the questions that matter most:
- Do I need to file a T3 return for a family trust or estate?
- How can I reduce the tax burden on beneficiaries?
- What are the tax implications of passing down a cottage, investment, or property?
- How do I handle taxes after a loved one passes away?
- What is the estate administration tax in Ontario, and when is it due?
- Can I file past-due estate or trust returns without penalty?
- What happens if the CRA audits the estate?
- How should I structure a trust to minimize taxes in the future?
Whether you’re facing urgent tax deadlines or planning, Whether you’re facing urgent tax deadlines or planning, our Ottawa tax professionals will walk you through your options with clarity and care.
Still have questions about trust or estate taxes in Ottawa?
Our team of Chartered Professional Accountants is here to help you navigate everything from T3 filings to multi-generational wealth planning. We are fully bilingual and ready to assist you in either English or French. We work with executors, families, and legal professionals to ensure full compliance with CRA requirements while preserving your legacy.
Ready to get started? Contact us today to schedule your consultation.
