Hi, I’m doing the returns for my brother who passed away last year. His investments are treated as if disposed at death. In the meantime, the investments increased by approx 10% between his death and their liquidation. There was also about $5k in dividends that were realized prior to death, but paid after. I was hoping that the financial institution would send multiple slips, but no such luck. Just one T5008. So, let’s say it was $85 k at death, $5k dividends, and then finally liquidated at $100k. Just for my own clarity, can I assume that I simply include the T5008 with the estate return, but only claim $85k. $5k on the rights or things. And $10k on the T3 trust. Am I doing this right? Leo
Sounds right. Keep a spreadsheet with the data on the payment dates/settlement dates etc. in case CRA asks. (For the dividend, note both the ex-dividend date and the actual date of payment.)
The T5008 may trigger questions, hence the spreadsheet reconciling it to the actual filings.