If you have clients who own a hefty chunk of a listed company in their registered accounts, you'd better get on the phone with them—and a tax expert.
In Canada, when an individual dies, he or she is deemed to have sold their assets just before death – a sale that generally results in tax payable by the deceased’s estate. For non-registered assets such as personally held stocks, bonds, mutual funds and recreational real estate, the tax is generally based on the difference […]