This CALU Report by Jeannie Lim and Hemal Balsara is the first of a two-part series dealing with post-mortem tax planning for an individual who owns private company shares at death. This publication deals with an individual who owns common shares of an investment company at death while Part II will address the ownership of fixed-value preferred shares of an operating company.
It updates a 2009 CALU Report on the same subject considering several significant tax changes since that time.
We extend our thanks to CALU’s Tax Advisor, Kevin Wark and CALU Members and Associate Members Stuart Dollar, Florence Marino, Patrick Uzan and Brent Vandekerckhove for the contributions to the review of the publication.
Update: This publication was updated in July 2025 reflect the cancellation of the proposed increase in the capital gains inclusion rate from one-half to two-thirds proposed in Budget 2024. The revised version is available on this website.
