http://www.deceased-tax-returns-canada.com <br /><br />When a person dies it is normally considered that the person has disposed of all capital property right before death. This is called deemed disposition. <br /><br />Also right before death it is considered that the person has received the deemed proceeds of disposition even though there was not an actual sale. There can be a capital gain or capital loss. <br /><br />Also there could be a recapture of capital cost allowance if proceeds of disposition are more than undeprecited capital cost. If less than cost there could be a terminal loss. <br /><br />This area has significant tax issues and possible tax minimization strategies.
