Estate Administration Tax

While still coping with the shock and grief that comes with the death of a loved one, the present Ontario government has now shortened the amount of time that the estate trustee has to comply with the rules of the Estate Administration Tax and file all documentation and fees, to 90 days and increased the penalties for missing the deadline to include jail time of up to 2 years.

So now we learn that the corrupt Putinesque Wynne Liberal Regime is bringing back debtors prison!  Extraodinary! Question: How soon will she open gulags?

Estate administration tax is charged on the total value of the deceased's estate, including: real estate, bank accounts, investments, vehicles, all property, including property held in another person's name and goods, business interests, intangible property and any insurance if proceeds pass through the estate.

The present tax rate for the Estate Administration Tax is as follows:
$5 per thousand for the first $50,000 of the value of the estate.
$15 per thousand for the remainder of the value of the estate.
*for a table of estate tax rate calculations, from $1,000 $50 million click here.

Since the beginning of January 2015, an estate return must be received by the Minister of Finance within 90 calendar days after the Certification of Appointment of Estate Trustee has been issued. This does not apply to anyone who applied prior to January 2015.

A certificate of appointment of estate trustee with a will is a document issued by the court that proves the authority of the estate trustee (formerly called an executor) to administer the provisions of the deceased's will.

Where as, a certificate of appointment of estate trustee without a will is a document granted by the court that gives authority to the estate trustee (formerly called an administrator) to manage and distribute the estate of the deceased who died without having made a will.

Any estate with a total value of $1000 or less, is not subject to estate administration tax.

Last month, MPP Monte McNaughton presented private member's Bill 120, Estate Administration Tax Fairness Act, to the present Ontario government, that would see the tax rate changed as follows:
Estates valued under $50,000 would be tax exempt.
$5 per thousand for estates worth more than $50,000 but less than $100,000.
$20 per thousand for estates of a value of $100,000 or more.
Unfortunately for MPP McNaughton, this Bill was defeated at second reading by the Ontario government, though he claims he has not given up the fight to help grieving Ontario families in their time of need and has launched a website to collect signatures on a petition to support this Bill.

* For more information on this Bill or to sign the petition, please go to