Quote:
Originally Posted by DNSB
Do you pay any taxes other than at point of purchase? Do you have a lease or mortgage on your apartment? Any savings outside the traditional brick and mortal banks? Since from your posts, you do not have a spouse or equivalent, there is unlikely to be the issue of any pension income that will be directed to a spouse.
For instance here, most of the Canadian population is paying income tax. When you pass away, the government expects an income tax filing for that year to be filed by whomever is acting as executor of your estate. The retired portion is likely to be collecting Canada Pension Plan, Old Age Security and Guaranteed Income supplement plus any pensions from work or from contributions to Registered Retirement Savings Plans, most of which which have a maze of survivor benefits.
I personally feel that I will be totally uninterested in paperwork after my demise but would prefer to leave things as tidy as possible for my survivors.
"Corpse: one for whom the only remaining certainty is taxes."
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Yes, there is an income tax, but it's filed automatically based on your salary and you only have to file it manually if you have additional income sources or tax exemptions. As I have neither of those, there's no need for my heirs to file anything. No lease, mortgage or savings, and no will (my lawful heir is my sister and her children, and that's fine by me). So there's no documentation on my computer that would be important to anyone after my death.