Small Estate Affidavit For Transfer Of Property When A Person Has Died Forms And Ins: Fill & Download for Free

Like the other two answers I see, I too am assuming you are asking about individual returns, or T1s.First and foremost - unlike in the US, there is no concept of joint filing for spouses. And we have six marital status options, as opposed to the American two.I won’t discuss various types of income/expense/credit because the answers from Robert Crooks and Denis O'Sullivan have touched on these in a limited but adequate way and because a complete answer would fill, well, the Income Tax Act. The question is too general to go into a lot of this kind of detail.Just know that if you receive Tslips (T4s, T4As, T5s, T3s, etc) for various types of employment, investment, pension or other income, these slips are not only sent to you but filed with the Canadian tax authority, known as the Canada Revenue Agency or CRA, as well. You can access these from your online CRA account.CRA has what they call the “Matching Program”; this is done each fall/winter and is just what it sounds like - slips filed by employers and investment brokers and trusts and other slip issuers are matched against the related T1 income declared by taxpayers. And if yours doesn’t match, you will hear from the CRA. There are penalties for missing slips, flat penalties, so that even a very small dollar amount is important to wait for and file.But your expenses and credits - well, with the exception of RRSP contributions, these are not filed with CRA, it is up to you to get receipts where necessary and understand the support that would be required upon request. And RRSP contributions are somewhat hit and miss to accurately get online.The CRA, has the following to say about requirements for individuals to file:You must file a return for 2017 if:You have to pay tax for 2017.We sent you a request to file a return.You and your spouse or common-law partner elected to split pension income for 2017. See lines 115, 116, 129, and 210.You received working income tax benefit advance payments in 2017.You disposed of capital property in 2017 (for example, if you sold real estate, your principal residence, or shares) or you realized a taxable capital gain (for example, if a mutual fund or trust attributed income to you, or you are reporting a capital gains reserve you claimed on your 2016 return).You have to repay any of your old age security or employment insurance benefits. See line 235.You have not repaid all amounts withdrawn from your registered retirement savings plan (RRSP) under the Home Buyers’ Plan or the Lifelong Learning Plan. For more information, go to Home Buyers' Plan (HBP) or see Guide RC4112, Lifelong Learning Plan (LLP).You have to contribute to the Canada Pension Plan (CPP). This can apply if for 2017 the total of your net self-employment income and pensionable employment income is more than $3,500. See line 222.You are paying employment insurance premiums on self-employment and other eligible earnings. See lines 317 and 430.You are a non-resident receiving certain types of Canadian source income. See Individuals - Leaving or entering Canada and non-residents.Even if none of these requirements apply, you should file a return if:You want to claim a refund.You want to claim the working income tax benefit for 2017.You want the goods and services tax/harmonized sales tax (GST/HST) credit (including any related provincial credits). For example, you may be eligible if you turn 19 before April 2019.You or your spouse or common-law partner want to begin or continue receiving Canada child benefit payments, including related provincial or territorial benefit payments.You have incurred a non-capital loss (see line 236) in 2017 that you want to be able to apply in other years.You want to transfer or carry forward to a future year the unused part of your tuition. See line 323.You want to report income for which you could contribute to an RRSP and/or a pooled registered pension plan (PRPP) to keep your RRSP/PRPP deduction limit for future years current.You want to carry forward the unused investment tax credit on expenditures you incurred during the current year See line 412.You receive the guaranteed income supplement or allowance benefits under the old age security program. You can usually renew your benefit by filing your return by April 30. If you choose not to file a return, you will have to complete a renewal form. This form is available from Service Canada.Deceased personsIf you are the legal representative (the executor, administrator, or liquidator) of the estate of a person who died in 2017, you may have to file a return for 2017 for that person. When there are no legal documents, you may request to be the deceased’s representative by completing an Affidavit form for intestate situations. For more information see T4011, Preparing Returns for Deceased Persons and Information Sheet RC4111, Canada Revenue Agency - What to Do Following a Death. [1]Taxes owing as calculated on the T1 are due April 30 the year following the tax year, which is always on a calendar basis for individuals; T1s are due (meaning, the filing) April 30 unless you have sole proprietor or partnership income (or your spouse does), in which case the return, the T1, is due June 15. But the actual tax payment is still due April 30.If you file after the filing due date, you owe, in addition to tax, a penalty of 5% of your balance due as of the filing date, with an additional 1% each month late. If this is a repeat offense, meaning you did it last year too, penalty will be 10% plus 2% for each additional monthIf you pay late but file on time, you will owe interest, at the prescribed rate which at this point is 6% (subject to change each quarter), but annually, compounded daily. Sounds scary but on $1,000 would be less than 20 cents per day.So as I say to clients, if you can’t file on time, at least pay on time; and if you can’t pay on time make sure you give me a conservative estimate to file on time. Returns can always be amended.Manner of filing - all professional preparers should be efiling. If you are doing your own, it is best to netfile or, new this year, file by phone. I am not sure if efiling is supported for individuals doing their own as I am an accountant with professional software and file all returns thus.Best not to paper file. But you can, you are allowed to.I will note that there are few refundable credits, working income tax benefit and (for low wage earners) a medical credit, so your refund, should you get one, is more likely to arise because you have either overpaid tax, or had tax over-withheld by your employer.But there are credits paid throughout the year, the calculation of which depends on your and your family’s tax returns to get your family income, like HST credit, Trillium benefit (in Ontario), and the Canada child benefit.You can see it is then always to your benefit to file on time. To get your credits, if your are eligible; to get your refund, if you have one coming; and to avoid filing penalty, should you owe tax.Footnotes[1] Do you have to file a return?

Wonderment at quality of life but bewildering language and norms.Probably it is easier to move east to west (Frenchman to NY), then west to east (American to Paris).They key difference is that Frenchmen have to study a foreign language (most likely English) and have ample opportunity to visit or practice foreign languages (longer holidays, shorter distances); so most under 50 can read/write somewhat even if they lack practice in speaking and understanding spoken English. American movies and TV now are shown in France, and so, Frenchmen have at least a superficial familiarity with American lifestyles.Big city denizens and government employees are unlikely to be able to accommodate non-French speakers, much as Americans and civil servants are unlikely to deal with foreign languages save for Spanish in some States.Wonderment as there still exists “mom and pop” stores in cities and towns, with a daily ritual of shopping at the bakers, fruit vendors, delicatessens, local groceries as well as occasional trips to fishmongers, pastry makers, candy and chocolate makers, the wine merchant; weekly, often Saturday is open market day at the municipal Halles (Market Hall).With tiny homes, the French socialize daily in cafes, so don’t expect to be invited over much.On the weekend, visit the “hypermarkets” (“Walmarts”); the key difference is that the food hall is more than half the store. Shelves of dairy products stretch beyond what the eye can see. The variety of fresh produce, including local production, is astounding as well as seasonal. Did you know that there are more than a dozen types of cherries or lettuces? That cheeses go from runny at room temperature to rock hard in over a hundred varieties. That day old bread is rejected with some people going to the bakers twice a day for freshness. That your interactions with neighborhood people may be wider and more frequent than in the US where you use your car to shop, rarely hang out in cafes instead of your living room.Easiest Adaptation - Longer, more frequent holidays; more foreign travel opportunity.France has statutory minimum of about 4 weeks of vacation per year. With public holidays, another two weeks are available. Many families head off for weeks in August, leading to seasonal closures in cities’ businesses, but, usefully, lighter crowds as many French will have left town.Since France borders 6 countries and has a tunnel link to England, “foreign travel” is easy, not costly and rapid (Pre COVID, at least). Outside of the UK and Ireland, NOT studying a 2nd language since primary school is the exception.Everyday life challengesResidency PermitsUsually, a newly-arrived immigrant from outside the EU is allowed one-year, renewable permits (Carte de Séjour). After three years, the person may be offered a multi-year resident (Carte de Résident de longue durée, usually valid for 10 years)Accommodation is a BIG problem in Paris. Cost is somewhat less exorbitant than in NYC. However, it is extremely difficult to have a lease for an unfurnished apartment; residential leases terms are statutory with indexing of rent, minimum term of several years. It is very much in favor of lessees, so lessors are extremely demanding or choosy.If you are a well-paid employee of a major firm, that may be sufficient but, in many cases, one would need a payment guarantee of a year’s lease either by blocking an account (like an escrow) or by guarantee of a firm or a French resident (assuming that such practises remain available).Others costs includeOccupancy tax (taxe d’habitation; impôts locaux) are imposed on the occupant by the government. Tenants are liable for this as a cost of using city services. It may be collected monthly or quarterly.Property Ownership tax (Taxe Foncière). This is paid annually by the owners even of empty property.In the US “Property Tax” = Taxe d’habitation + Taxe foncière.So, a French lease excludes the Taxe d’habitation, whereas a US lease includes it - so US leases tend to vary widely according to property values from year to year. In France, the lease or rental amount is stably indexed but the Occupancy tax is charged to the tenant.Monthly maintenance charges (charges mensuelles). Whereas neighborhood or condo associations in the US organize common area services, and charge occupants a monthly share of expenses, in France, it is usually in the hands of commercial building maintenance firms or organization called “Syndicats immobiliers”. This pays for cleaning, repairs, common area maintenance, waste disposal and, sometimes, a live-in building supervisor (“concierge”)Upfront capital costs / Key money (la reprise d’appartement). In addition, French “unfurnished” means bare walls. Tenants install their own kitchen, cabinets and equipment. For that reason, a previous tenant could require “key money” as reimbursement for any fixtures they leave - otherwise, you could be left with a place with no cabinets, appliances, floor covering and window treatments. The more tony areas also have some “key money” that is almost a premium access fee that is strictly illegal but often practised.Healthcare Access and Medical insurance (Public Coverage usually combined with Private Insurance)If you are employed, they may offer a wrap-around complementary private insurance on top of the French public coverage, or covering travel outside of France. If you are not (freelancer, retiree, entrepreneur), you will have to get registered with the local Social Security office that also opens the door to health insurance, usually via Amélie (Assurance Maladie). Most French people (87%) have private “complementary” coverage to cover both the higher fees of non-State providers as well as for premium “hospitality” (like private rooms) and para-medical (dental, optical, hearing). Those “complémentaires” are often non-profit and low cost.Public health coverage operates like a national HMO with your “généraliste” acting as a PCP gatekeeper for access to specialists.However, your private health insurance policy may allow for directly consulting with a specialist - but it won’t be covered by the government system.You can get a list of English-speaking MDs from the US Embassy but many French MDs are accustomed to reading English medical texts, so, in extremis, write out your questions and answers.Education for childrenFrance is mostly safe for minors to travel on their own in daytime, and public transport is dense; so, unlike in the US, many children travel to school unsupervised. Nonetheless, until they are familiar with transport and the lay of the land, you may have to do as in the US, take them to school and back.French schools have a pecking order, even in the public sector. If you want your children to be only in a French curriculum, learn as much as possible about the landscape. From 5 to 12, your children would most rapidly make the linguistic transtion; they’ll soon be your daily life interpreters and get a sense of responsibility in the family.Teenagers, already disoriented by loss of familiar relationships, have a harder time both linguistically and socially. You may want to put them initially in immersion French courses to ease their transition. Bilingual schools are especially suitable for teens since they face a harder linguistic learning curve and social isolation issues. Besides those with American curricula, there are a number of schools with British equivalence or with EU equivalence. The best such schools may not be close to your residence, so you may want to consider weekday boarding, seeing your kids on weekends and holidays (all 4–6 weeks of yours, and the 12 weeks of theirs - unless you can have them join the Spring School Skiing trips or send them to their country of birth with grandparents in Summer).Higher education. While health professions are only taught at universities, other disciplines are also taught in “elite” schools with competitive entry and assessment methods, the “Grandes Ecoles”. If you wish your child to attend university or a Grande Ecole in France, the benefit would be much lower tuition costs than in the US where one usually has to make financial plans as soon as a child is born!Pensions & Workers Compensation. In France, there are public, autonomous pension funds, organized by professional group. Get ready to the land of obtuse acronyms (AGIRC, ARRCO…) These pension funds are decoupled from the solvency of employers. Ask the HR department to explain but it takes a while to understand.French Banking - Opening a French bank account. Very difficult for Americans because of FATCA.The Obama Administration slipped in FATCA into the PACA. This technical-sounding law basically has been forced upon non-US banks into becoming screeners for US taxpayers among their clients. Although the terms of FATCA contravene privacy laws in many countries, since the USD is the world reserve currency, non-compliance by a foreign bank can lead to its bankruptcy if the US Treasury blocks US dollar transactions of that bank. The work-around is that the international bank (not the foreign government) complies with FATCA and forces American account holders to give up their right to financial privacy regarding FATCA! It takes hundreds of millions of euros for a bank’s transaction systems to be compliant with the automated reporting of FATCA, so most smaller banks simply reject any client who MAY be subject to US taxation (i.e. “US Persons” in the IRS definition - not the Immigration definition).As a result, long-term expatriate American clients of foreign banks, binationals, their spouses and even children have been subject to account freezing or closures unless the clients signed away their rights to non-disclosure to the IRS/FinCen or signed affidavits that they were not subject to US taxes. Only the largest foreign banks have invested in the compliance systems of FATCA; in France, it is BNP Paribas that had been fined over $1 billion! Almost every other French bank will likely discourage your custom as a retail customer.Filing Taxes. Americans are obliged to file Income Tax for life, regardless of residence. This means double complexity - the local country and the US’ tax filing obligations, on dual timetables. Banking secrecy has gone with FATCA compliance, so it is no longer possible to simply stop filing IRS (and now, also to FinCEN) annually.France Income Tax, it is very straightforward if you are an employee without a complex estate. Taxes are higher than in the US BUT you have no financial worries for health care, no need to plan decades ahead for higher education of children, no need to worry about your employer’s pension fund disappearing… The tax forms are pre-filled with info provided by the employer and many Frenchmen don’t need a CPA. However, if you have income-producing assets and activities outside of France, you should hire an Expert Comptable (= CPA). French residents are taxed on worldwide income but, unlike in the US, that ends when you give up French residency.US Income Tax & FATCA filings. The IRS will be part of your life until you die. Unfortunately, your American government heads the only nation on earth that enforces extraterritorial taxation based on citizenship / status of Lawful Permanent Resident. You should hire an US expat tax service as tax evasion is a felony and subject to punitive penalties. You have to file taxes annually even if there is zero net tax incurred. HR Block has a virtual expat service used by servicemen stationed outside the US but you may wish to locale an IRS accredited agent from the American Embassy.Thanks to FATCA, you also have to annually file notification of all your non-US financial assets if they totaled over $10k at any point in the year. This is to FinCen - in addition to the IRS.Option 1 Scheme for US taxation - FEIE (Foreign Earned Income Exclusion) If your only income in France is wages (“earned income”) totaling under $90k (or whatever the current threshold is), US taxes are greatly simplified if the French earnings are less than a threshold pro-rated to physical presence (FEIE prorated to maximum annual thereshold x non-us physical presence days/365). You would still file US taxes but your income net of FEIE could be zero. KEEP CLOSE RECORD OF YOUR DAYS ON US TERRITORY.Option 2 Scheme for US Taxation - FTC (Foreign Tax Credit). If your income is higher than the maximum FEIE threshold, or if you have significant “non-earned income” (rental income, alimony, passive investments, trust disbursements, dividends, foreign bonds, real estate earnings, foreign capital gains, royalties etc.), it’s usually cheaper to opt for filing US taxes on world income but deducting allowed foreign taxation on such income. Since, in most cases, the foreign taxation is less than US tax, so the net US tax bill could be zero.If you are resident in a country that only taxes national income (i.e. Panama, Bermuda etc.), you would still have to pay the IRS taxes as if you were resident in the US; the only “saving” would be not being obliged to enroll in Medicare when you reach 65 years if you wish to avoid a late enrolment penalty. However, if you intend to return to the US annually beyond even if retired overseas, it may make sense to enroll in Medicare at age 65 and also subscribe to a zero premium wraparound HMO Medicare Plan - just remember that you have to have at least an annual checkup for an HMO. Choose a US residence that is convenient to your lifestyle and travel pattern. (e.g.Chicago versus Ann Arbor, Denver versus Reno, PHL versus Norristown, San Francisco versus Eureka, Miami versus Ocala, Boston versus Hartford…). I don’t know if the pandemic of 2020 would allow for continued “virtual consultation” regarding annual checkup.Some taxation treaties between the US and a foreign nation restrict categories on income etc. Don’t assume anything as each country pair treaty is different.Estate Planning & PortfoliosFrench inheritance is taxed more and the rules are more rigid and complex.For example, in France, you cannot disinherit biological or adopted children, nor can you allocate grossly inequitable assets among them; the spouse cannot be favored at the expense of children. That is the basis of Paloma Picasso’s fortune; she was born to one of Pablo’s mistresses and sued to acquire his lastname and a share of his estate.The “wicked, gold-digging step mother” or “swindler of widows” is less likely to be successful in France than in the US since estates limit what spouses inherit and children cannot be disinherited. If you hear otherwise in the French press (like Johnny Hallyday né SMET whose last wife Laetitia is accused of grabbing most of Johnny’s estate to the detriment of his children by former marriages), it because they had expatriated outside of France (to the US in the case of Johnny Hallyday).If there is an indivisible asset (like a property) and the heirs cannot arrange how to share (e.g. buyout), the contested (“indivision”) estate can go into independent disposal by sale for liquidation and disbursement. In the case of the Picasso heirs, there was a division of paintings, some of which were given to the State in lieu of estate taxes.If you have major assets around the world and there is a chance that you pass away as a French resident subject to French estate law, it is worthwhile arranging inter-generational transfers BEFORE you become a French taxpayer.Portfolio taxation on non-US instruments is dissuasively high for US Persons. The US taxes foreign source instruments at a much higher rate than US-source investments. (See PFIC) Basically, the IRS taxes capital gains from non-US financial investments as if they were ordinary income. This dissuades Americans, whether residing in the US or not, from investing in any non-US-based funds! It is a form of financial instrument protectionism by the US; if you wish to invest in non-US stocks, do so only via US instruments, or directly in individual foreign stocks. However, the French would also tax any gains from your worldwide portfolio if you restrict investment only in US instruments.If you have a non-US pension, depending upon the taxation treaty of the two countries, you may be subject to double taxation! For example, a British multinational may be able to pay into its US pension fund for an American working in London. Work this out if the foreign pension is substantial.The Cocooned Expatriate.In other words, if you are in an Anglophone cocoon for work and socializing (multinational executive, jurist, diplomat) you would simply be one of many transient “expats” in Paris. In such situations, the employer would provide or have a staff for administrative service to arrange the administrative dealings for residence, drivers license, spouse employment, child care, schooling, taxes, health insurance, home insurance, rent etc.There are some long-term expatriate Americans who NEVER integrate into French society, even after 10 years, and are destined to be forever an outsider limited to socializing with a small expatriate community, many of whom are transient.There may be some French families who are very worldly and all can socialize in English, but that’s a very thin stratum of Frenchmen.PS. Don’t expect to develop many friends among Frenchmen at work; work and private life are compartmentalized in France. People will be cordial at work but don’t expect to be invited for a weekend party or meal. There is a social firewall that allows diverse, individualistic French character to flourish without judgment and civil working relations.The On-His/Her-Own ImmigrantIf you take up residence as a long-term visitor or immigrant (student, artist, scientist, performer, model, teacher…) you would find it challenging unless you have a very generous-minded bilingual friend OR pay for bilingual facilitators. There is now on-the-fly interpretation on connected smartphones that can do if all else fails.Unless you are so well-to-do that you can hire interpreters for everyday tasks, I would suggest that your fist priority is to “invest” initially in immersion French courses, both a pleasurable and highly efficient way to learn about France and practice French. See other Quora entries about choosing a course - but essentially, go with an accredited school NOT in Paris.Even if you are learning French in order to enroll in a French University, I suggest you arrive at least a month before the start of the term and do at least 2 weeks of immersion. Although there are some exchange courses in English (e.g. at Sciences Po, HEC etc.), the general minimum requirement to attend French university is B2, a level that is hard to achieve in terms of understanding spoken French without at least a year of living in French society. Ideally, a French student who orients you would be very useful in taking the mystery out of a strange new world.Despite the yearning to socialize in English and pain of loneliness, if you want to minimize the acculturation process, seek out French interaction and avoid Anglophone conversations as much as possible. France is a very volunteer-oriented society and there are many opportunities to volunteer among French people; see at the local town hall (mairie) or its website. You can also take up some activity (horse-riding, a craft…) where you will interact in French and get accustomed to vocabulary and speech.as an in-country experience would