What terminal tax returns reveal about missed planning Published by Investment Executive May 20, 2026 One of the most frustrating aspects of terminal tax return preparation and filing is observing how clients could have benefited from planning during their lifetime, yet instead arrive at death with substantial registered assets and unrealized capital gains that become exposed to the highest marginal tax rates. All of it is avoidable, had they benefited from tax planning durin

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Insights into Wealth Podcast Speaker: Michael Kulbak December 2025

Both tax and administrative considerations need to be managed Published by Investment Executive February 18, 2025 As a trust and estate professional, I get a bit uneasy when non-resident beneficiaries inherit Canadian taxable property and start asking tax questions about their country of residence. Canada has tax treaties with over 90 countries, and it is impossible for me to have a clear understanding of the double-taxation nuances for all but a handful of them. I don’t alwa

Hosted by The Estate Planning Council of Canada Link to the course This session will outline strategies and highlight pitfalls associated with the preparation and filing of terminal tax returns. Participants will be exposed to common challenges in the preparation of terminal returns and how those obstacles can be avoided and or mitigated. Topics include final income, claiming tax credits, T1 adjustments, capital gains and losses and understanding spousal rollovers. Through re

Optional returns may reduce or eliminate your client’s taxes Published in Investment Executive June 12, 2024 I have a secret test for estate or tax preparation professionals who state they are well versed in the intricacies of estate administration and terminal tax returns: I ask how many optional tax returns they have administered, prepared and filed. If I get a confused look, I clarify: How do they deal with post-death income receipts? Alternatively, I ask if they have ever

Amid automatic tax filing, a proactive approach is required Published by Investment Executive August 23, 2023 Automatic tax filing is in the works for vulnerable Canadians, and the service will be offered more broadly. That makes now a good time to critically assess the value proposition of the tax preparation and filing services you and your firm (or another firm) provide to clients. The 2023 federal budget proposed that the Canada Revenue Agency (CRA) pilot a new automatic

By AGF Management Limited Link to the course Get ready for tax season with this helpful guide for financial advisors. Tax-efficient planning is important to your client, and this course helps you get organized so you can provide it. In this video, Michael Kulbak of Kulbak Trust Solutions helps you stay on top of tax time as he discusses how to prepare for the season before meeting with clients and what to discuss with them when you meet. The course focuses on clients' changin

Proactive collaboration critical for resolution and client well-being Published by Investment Executive September 1, 2022 Few clients verify the accuracy of tax information slips issued by their advisors’ firms. Some may review the slips for reasonableness and perform a cursory reconciliation, but most just accept that the slips are accurate. If the slip is inaccurate, various parties, including the advisor and firm (as well as the client, Canada Revenue Agency and tax return