Calculates potential expenses and taxes owing death. Earl, a single man of 60, passed away on January 1st. At his death, his assets included: an RRSP with a market value of $250,000 (ACB of $150,000), a $100,000 life insurance policy and an equity fund portfolio with a market value of $112,000 (ACB of $99,000). What is the taxable income on Earl's terminal return?