tag:blogger.com,1999:blog-436024129575354145.post5594423934195132420..comments2024-03-28T12:41:21.857-07:00Comments on Estate Law Canada: Calgary widow forced to pay $270,000 to CRA over beneficiary oversightLynne Butler, BA LLBhttp://www.blogger.com/profile/09790353197833765108noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-436024129575354145.post-48366450051214154252020-01-30T06:17:56.184-08:002020-01-30T06:17:56.184-08:00It appears from the story that Donna has been tryi...It appears from the story that Donna has been trying to raise funds in various ways to pay the tax hit. I don't know what steps she has taken to argue her position so far, but I agree that she has a decent chance of success on a challenge to CRA. <br /><br />LynneLynne Butler, BA LLBhttps://www.blogger.com/profile/09790353197833765108noreply@blogger.comtag:blogger.com,1999:blog-436024129575354145.post-34461128327076404752020-01-29T12:31:18.905-08:002020-01-29T12:31:18.905-08:00It appears the issue is the type of document used ...It appears the issue is the type of document used to name the beneficiary to the RRIF. <br /><br />Assuming Donna is the only beneficiary to Jim's estate, then no one will benefit from RIFF funds being cashed-in for transfer to the the general estate. As such, I anticipate Donna would have valid reason to challenge CRA that the estate should not be required to submit an immediate tax paymentMarknoreply@blogger.com