http://www.deceased-tax-returns-canada.com
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.
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.
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.
This area has significant tax issues and possible tax minimization strategies.
