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Death die taxes cra new year

When Did You Die?

In estate planning, the exact time of death can have major implications for your estate taxes in Ontario or Quebec. Dying just before or after midnight on New Year’s Eve can affect which tax year your estate must file with the CRA, potentially delaying closure by a full year. This article explains how the declaration of death—especially when it occurs outside of a hospital—can impact the final tax return, estate administration timelines, and legal obligations. Learn what you need to know to avoid costly timing issues and get links to five authoritative estate tax resources for Ontario and Quebec.

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“Alas, I am Dying Beyond My Means”

In this witty yet insightful reflection, the question isn’t just how you live within your means—but whether you should die with some left. Inspired by the Oscar Wilde quote, “I am dying beyond my means,” the post explores whether it’s better to leave a financial legacy or spend it all and leave nothing behind. Whether you plan to go out with a financial bang or pass on a tidy sum, this piece dives into the planning, the ethics, and the humor behind managing your means until the end.

Keywords: means, dying beyond your means, financial legacy, end-of-life planning, spending vs saving, estate planning, executor responsibility, financial endgame

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