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A Final Return must be filed for every person who dies. In addition, you may be able to reduce or eliminate tax by reporting income from specific sources earned during specific time periods in optional T1 returns.
Whenever a new estate asset is found, there's no need to obtain a new grant of probate. But the existence of the newly discovered (or received) asset must be disclosed to the court.
A final return cannot be submitted electronically via NETFILE. You must mail it to the deceased tax centre. Find the appropriate mailing address here.
To submit and process an estate claim in Ontario, executors or administrators must first file the claim with the court along with supporting documents. The court will review all materials before deciding whether to grant or deny the claim.
Hear this out loud PauseThe newly discovered Will should be filed with the court of record, and that that will assess the instrument, admit it to probate, and proceed with the administration of the decedent's estate.