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Level 1
April 17, 2021
Question

Final Return or Trust

  • April 17, 2021
  • 2 replies
  • 5 views

Hi I have finished a Final Return for 2020  Just discovered 1 payment from CPP in 2021. Do I really need to file a trust return or can I add it to Final return with a note          Many thanks Karen

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2 replies

Level 6
April 19, 2021

i had a similar situation. i filed a final return and then had some income come in in jan. i had already sent the final return and marked it as such. i called cra and they told me to submit another final return with the updated info and it would update the account as a final return. i did so and it went through no problem. so in essence the final return i had submitted in dec. was not the final return the one i sent in jan. was. hope this helps. good luck. 

Level 3
May 18, 2021

Tryin to help a client whose father deceased in 2020. I'm in the early stages gathering slips, info. My first question is: slips issued are a combination addressed to "father", other slips to "estate of...", can slips be submitted together on the same T1  Final return?

Level 6
May 19, 2021

yes with the exception of the death benefit. the death benefit has to be claimed by the executor/executrix normally. hope this helps. 

Level 3
May 19, 2021

Much Appreciated.