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To print this article, all you need is to be registered or login on Mondaq.com. One of the major considerations in post-mortem planning is the deemed disposition on death. Subsection 164(6) of the Income Tax Act ( ITA ) provides one method of addressing the deemed disposition. That subsection permits a graduated rate estate to elect to carry a capital loss from the first year after death back to the terminal year of the deceased. The election is available to the extent the capital loss exceeds any capital gains that arise for the estate in that year. The carried back capital loss can then help to offset the capital gain ....
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