Let us be there for you in the tough times

Have you accepted to be the executor and now you want to be guided through your duties?

Between the first deceased’s Final Return, the potential Rights and Things Return, to the T3 Estate Return and the final clearance certificate, the executor has a lot of things to know to be able to fulfill one’s responsibilities. But our experienced and compassionate team of dedicated estate specialist assist you with navigating this difficult process. 

We will make sure you understand every decisions you will have to make to empower you and reduce any stress.


M W

I’m grateful for your comprehensive approach, your thoroughness, and the unusual clarity of your advice.
You are one-in-a-million, and I thank you for your kind help.

K D

My friend mentioned how grateful she was to all of you for helping her through this, for all of your attention and care. I know how much it meant to her not to have to organize another thing when she’s already got so much on her plate on top of the grief of losing her husband.

Charles Brunet

Our firm recently switched to Talbot & Associates and we couldn’t be happier! They are extremely helpful and courteous. They actually discuss matters with options and solutions on subjects that the other firm did not even bother to bring up. We are very impressed with their professionalism with regards to tax savings and estate planning. We were at a loss as to how to approach our impending retirement in 5 years, and they are truly assisting in these future preparations. They are well organized and respond to our questions within 24 hours.
Our only regret is that we didn’t switch to Talbot sooner!

J J

My friend was a basket case with worry about the Canadian and Income tax returns she had as well as the Final return.

She was so happy with everything that was done for her and said she had told Dan (accountant) that she couldn’t sleep at night – but he told her “go to sleep – we’ll take care of everything.” She informed me that she did sleep that night and while the worry was still in the back of her mind she was glad that someone was taking care of it, and of her.

Armelle Molin

Depuis bon nombre d’années, l’entreprise Talbot et Associés gère nos rapports d’impôts. Leurs services sont respectueux, efficaces et hautement professionnels. Nous saluons particulièrement Monsieur Pierre Normandeau.

Y D

MANY thanks for the assistance and expertise.
It was very comforting to know we had an expert looking after these taxation requirements during such a difficult time.


Step 1 with Talbot and Associates

You meet with us and we explain you what needs to be done depending of the situation, in order to avoid penalties and potentially save on taxes.

Step 2 with Talbot and Associates

We provide you with a quote and explain you what you will pay for, and how many tax saving it will generate.

Step 3 with Talbot and Associates

We agreed on the quote then we start the process and guid you until you get the clearance certificate.

Here are a few resources you may be interested in


If you have any question, please feel free to reach us


For your information, see our fees for Income Tax Returns for Deceased Individuals but keep in mind that every case is unique and you may discover unknown items along the process obtaining your clearance certificate.


Where should you start as an executor (or administrator) of the Estate of a deceased individual?

Before we schedule your meeting, we would first set up authorization with Canada Revenue to view the deceased’s historical tax information. Along with the death certificate, will (or letters of administration) and signed authorization form, we will need a copy of the most recent tax return and we will provide a list of the other documents we need to get started.

In general, a Final Tax Return for a deceased individual in the year of their death involves reporting the income earned by the taxpayer up until the date of their death and has many of the same qualities as one for a living taxpayer. However, there is so much more to consider from a tax perspective, such as:

  • The deemed disposition of the deceased’s assets upon their date of death - Final Return
  • If any of the deceased’s income qualifies as Rights and Things? - Rights and Things Return
  • The income earned by the deceased’s assets after date of death - T3 Estate Return
  • A clearance certificate and whether you need one

These are just some of the considerations that provide pitfalls and opportunities. We have the knowledge and experience to guide you through these complicated issues to help you fulfill all tax filing requirements and responsibilities while making sure that the deceased does not pay more than their fair share of tax.

What is “deemed disposition”?

A deceased taxpayer is deemed to have disposed of all their property at fair market value on their date of passing. (There are exceptions to these rules when there is a surviving spouse.) As a result, accrued capital gains and losses on these properties will be triggered upon death and must be reported on the Final Return. Without deemed disposition upon death, the accrued gains could go untaxed indefinitely, which is obviously something the CRA does not want.

Examples of property that come under deemed disposition rules:

  • Cottage or cabin
  • Land that exceeds principal residence exemption allocation of 1.25 acres
  • Farmland*
  • Rental house
  • Unregistered investments
  • Balance of RRSP and RRIF
  • Shares in a private corporation*

*Our team can advise on the criteria for Qualified Farm Property and Qualified Small Business Shares and whether the deceased can possibly take advantage of their lifetime Capital Gains Exemption

Assets of the deceased can be transferred to their surviving spouse at cost; effectively there would be no capital gains or losses to be calculated. In some instances, it may result in future tax savings for the surviving spouse to dispose of the deceased’s assets at fair market value. This sort of tax planning can be considered during the preparation of the Final Return.

What is a “Rights and Things Return”?

In some cases, it may be worthwhile to file an elective Rights and Things Return to report income that was earned by the deceased up to their passing, but not paid until after their date of death. The deceased is treated as a separate taxpayer on a Rights and Things Return and will be taxed at the same graduated rates that apply under a regular return. Basically, the elective Return allows income to be split between the Rights and Things Return and the Final Return.

Reporting eligible income on a Rights and Things Return may not change the deceased’s balance owing, or their refund, on their Final Return and therefore our fee to prepare this Return would not be justified. We consider the outcome of the Final Return if a Rights and Things Return were to be prepared and will advise you whether it is worth our fee or not.

What is a “T3 Estate Return”?

Unlike the elective Right and Things Return, the Canada Revenue Agency requires that income earned by the deceased’s assets after their passing is reported on a T3 Estate Return. When a person dies, their estate comes into existence at that time as a matter of law. T3 Estate Returns must be filed annually as long as the Estate continues to own assets. Some examples of income reported on a T3 Estate Return are as follows:

  • The $2,500 CPP death benefit
  • Interest earned on a GIC from date of death to the time it is closed
  • Interest earned on a Tax-Free Savings account from date of death to the time it is closed
  • Rental income earned on a property that the Estate continues to own
  • The proceeds received upon the actual sale of property to a buyer
  • The deemed proceeds received upon the transfer of title to a beneficiary

How long will the tax returns take to complete?

The timelines for the various tax filings are complicated and will be discussed at your initial meeting with our accountant. For the Final Return, the due date is typically April 30 of the year following date of passing. We do not recommend early filing.

What is a Clearance Certificate?

A clearance certificate:

  • Confirms that an estate of a deceased person or a corporation has paid all amounts of tax, interest and penalties it owed at the time the certificate was issued
  • Lets the legal representative distribute assets without the risk of being personally responsible for amounts the deceased, estate, trust or corporation might owe the CRA

When the CRA issues a clearance certificate, it assumes that the information provided by the applicant is accurate and up-to-date. It does not mean that the deceased, estate, trust or corporation owes no further money to the CRA if more information comes to light later.

If you have any question, please feel free to reach us


Contact our experienced and compassionate team of dedicated estate specialists

Pierre Normandeau CPA, CGA
Partner/St. Boniface Manager/Trusts & Estates Manager
pierre.normandeau@talbotcpa.ca
This jack-of-all-trades has more nick names than Canada has bodies of water. Call our St. Boniface office and ask to speak to any of these people to reach Pierre Normandeau: “Pete”, “Best Dad Ever”, “#1 Boston Bruins Fan”, “Willing Husband”, “Devoted Friend” or “Lipsync Master”. Pierre joined T&A in 2002. Clients and colleagues alike appreciate his patience, quick wit, caring attitude and winning ability to crank out accounting greatness. Pierre graduated from École Technique et Professional (University St. Boniface) in 2002. After obtaining his CGA designation, he became one of T&A’s partners, then also, St. Boniface Manager. His passion for connecting with people is evident. Being able to provide them with positive life-impacting solutions are the moments where he feels most rewarded at the firm. For fun, Pierre enjoys participating in whatever adventure his charming wife conjures up for the family. His future dreams include pouring into his kids so they can achieve their dreams and to one day whisk his wife away to the South of France on a moment’s notice.
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Matt Hofer CPA
matt.hofer@talbotcpa.ca
If one were to give directions how to get to the town of Matt Hofer, they’d tell you to go down Sincerity Road, hang a left at Wit Junction, jump on the train at Imagination Station, then go a block up to Affable Avenue until you find yourself at Grateful Gate. Matt has been a part of the T&A family since 2012. He brought with him an incredible work ethic and a B.A. (Hons.) with a major in Political Studies. He earned his CPA designation in 2021. Matt can usually be found coming up with ways to help his family or clients achieve their dreams. He strongly believes in putting his family first and is appreciative for all the ways he is blessed in this life. For fun, Matt enjoys playing all types of table-top games, especially role-playing games, with friends and family.
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Jen Obsniuk CPA, CGA
jen.obsniuk@talbotcpa.ca
The Spreadsheet Queen, Jen loves to create budgets for everything. No wonder she is the treasurer of Teulon Daycare Inc. and a board member of the Balmoral Childcare Centre! Her passion doesn’t stop there, Jen’s dream is to one day own a camp for kids. Talbot & Associates is lucky to have someone like her on our team. Originally from a film studies background, Jen worked on television and movie sets in Winnipeg for a year and a half before deciding it wasn’t for her. She then began the CGA program in June of 2010 and started working with EPR Stonewall in 2011. Following the acquisition, she’s happy to be a part of a company that truly values its clients and community. When not working, you can find Jen laughing and having conversations with her husband and kids or riding her mini-bike around the trails behind their house.
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Katie Gunther
Ashern Manager
katie.gunther@talbotcpa.ca
Some people say Katie Gunther looks like Molly Ringwald (in her 80’s prime), we say she was one of the best things that’s ever happened to T&A. Her love of life, determination and eagerness to learn has benefitted the firm and clients extremely well. Katie joined the Ashern office in August 2015, bringing with her over eight years experience in professional bookkeeping. Currently, she is working towards her Accounting Certificate through Athabasca University. Happiest in the outdoors, you can find her hiking, camping, helping on her parents’ cattle farm, running with her husband Curtis or building snow forts with her three sons Logan, Warrick and Gerard. Katie is a co-ordinator for the Steep Rock Swim Program as well as volunteers at many community events and teaches Sunday School at Peace Lutheran Church.
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Rebecca Khun
rebecca.khun@talbotcpa.ca
Passionate about environmental stewardship, Rebecca thrives on empowering people and serving her community. She lives life with the personal mantra that strength lies in differences, not similarities, and believes in taking the time to enjoy the beauty all around us. Graduating in 2018 from Providence University College, she holds a degree in BBA (Bachelor of Business Administration). Rebecca’s two greatest loves are culinary adventures and nature. When she’s not enjoying music or cooking, she can be found hiking or just immersing herself in nature and exploring new places.
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Cree Weiss
cree.weiss@talbotcpa.ca
First things first she’s the realest. Smart, friendly, and modest, Cree believes the most rewarding things in life are the things you work for. An avid gym-goer, she also enjoys a good TV drama and many different board games. Her family’s favorite is a competitive game of Carcassonne, but she also meets regularly with another boardgame enthusiast friend to try new games. Currently hard at work with her B. Comm, she aims to pursue her CPA next and finally finish BOTW. When Cree isn’t hard at work or studying, you can find her trying new gluten-free comfort food recipes, camping, hiking, and spending quality time with her family and high energy sled dog. The person she most admires in this world is her daughter, who she adorably describes as “so little but so strong, like a bug”.
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Arianne Gautron
Director of First Impressions (Winnipeg-St. Boniface)
arianne.gautron@talbotcpa.ca
Arianne is one of those people that takes her work to heart. When visiting our St. Boniface office, you’ll either find her providing exceptional administrative support or drawn into conversation learning an interesting characteristic of the last person to walk in the door. On the homefront, Arianne loves spending time playing crazy 8’s with her two adorable kids or taking in comedy shows. Arianne cares about giving back to the community. She has a heart specifically for kids who are treated unjustly – a cause she aims to support any way she can.
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