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Marianne died suddenly intestate at the age of 66, leaving behind her husband and a daughter. Her estate was valued at $500,000 at fair market
Marianne died suddenly intestate at the age of 66, leaving behind her husband and a daughter. Her estate was valued at $500,000 at fair market value. She had capital gains of $150,000 on investments in her name only, an RRSP of $50,000 with no named beneficiary and a RRIF worth $80,000 with her husband as named beneficiary. She also had salaried income of $60,000 the year she died. What is the total taxable income in the year of her death?
Question 14 options:
$560,000
$185,000
$135,000
$265,000
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