Hana's only child, Kwan, passed away last year at the age of 42. Kwan had...
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Hana's only child, Kwan, passed away last year at the age of Kwan had been diagnosed with a severe disability as a child and was financially and physically dependent on Hana his entire life. Hana opened an RDSP for Kwan nine years ago and contributed a total of $ to the account. Hana's contributions attracted total Canada Disability Savings Grants CDSG of $ The RDSP had a balance of $ when Kwan died. What is the tax impact resulting from Kwan's death?
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Kwan's estate will receive taxable income of $ and nontaxable income of $
Kwan's estate will receive taxable income of $ and Hana will receive nontaxable income of $
Kwan's estate will receive taxable income of $ and nontaxable income of $
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