Wealthsimple Tax supports the preparation of a deceased taxpayer's final return. Here's what you need to know:
General guidelines:
- Prepare the final return using Wealthsimple Tax
- Print and mail all returns for deceased individuals
- Find the appropriate CRA Tax Centre for mailing
For a deceased partner:
- If your partner passed away during the tax year:
- Set your marital status as "Widowed"
- Answer "Yes" to "Did your marital status change?"
- Enter your partner's date of death as the date of change
- If your partner passed away after the tax year:
- Do not change your marital status to "Widowed" for that tax year
- Set your marital status as "Widowed" in the following tax year
For Québec residents:
- Québec final returns can be submitted via NetFile
- Learn more about preparing a Québec final return
Important notes:
- Ensure all income up to the date of death is reported
- Be aware of special deductions and credits available for final returns
- Consider seeking professional help for complex estates
Remember:
- Keep all relevant documents and receipts
- Be mindful of filing deadlines for final returns
Learn more about preparing a final return on the CRA's website.
If you need assistance preparing a final return in Wealthsimple Tax, please contact Wealthsimple support. For complex situations or estate-specific questions, consider consulting with a tax expert or estate professional.
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