Estate & Trust Tax Services in Mississauga, Ontario
Compassionate and professional estate tax services for Mississauga families. T3 trust returns, final T1 returns, estate planning, executor assistance, and CRA clearance certificates.
Trusted Estate & Trust Tax Accountants in Mississauga
Dealing with estate taxes is one of the most complex and emotionally sensitive financial matters. BOMCAS Canada provides compassionate, professional estate and trust tax services in Mississauga — guiding executors, trustees, and beneficiaries through every step of the process.
Final T1 Terminal Returns
Preparation and filing of the deceased's final income tax return and any optional returns to minimize taxes owed.
T3 Estate & Trust Returns
Annual T3 trust returns for the estate administration period — until the estate is fully distributed.
CRA Clearance Certificates
Application for clearance certificates to protect executors from personal liability for estate taxes.
Estate Tax Planning
Proactive strategies including spousal rollovers, trust structures, charitable giving, and RRSP/RRIF planning to minimize estate taxes.
Executor Support
Comprehensive guidance for estate trustees navigating CRA obligations, asset reporting, and beneficiary distributions.
Trust Administration
Ongoing accounting and tax services for family trusts, inter vivos trusts, and testamentary trusts in Ontario.
A T3 Trust Income Tax and Information Return is required for estates and trusts that have income earned after death or held in trust. An estate must file a T3 for each tax year from the date of death until the estate is fully distributed. Our Mississauga accountants handle all T3 filings accurately and on time.
Upon death, a final T1 tax return (the "terminal return") must be filed for the deceased's income up to the date of death. The estate may also owe taxes on deemed dispositions of capital property, RRSP/RRIF withdrawals, and income earned during the estate administration period. We guide executors through the entire process.
We assist executors (estate trustees) with obtaining a clearance certificate from CRA, filing the final T1 return and T3 estate returns, calculating estate taxes owed, distributing assets to beneficiaries, and ensuring full CRA compliance to protect executors from personal liability.
Estate planning involves structuring your assets and estate to minimize taxes upon death and maximize wealth transferred to beneficiaries. Strategies include RRSP/TFSA planning, spousal rollovers, family trust structures, charitable donations, and principal residence planning. Our team provides proactive estate tax planning for Mississauga residents.