McBride: Navigating estate tax returns

Are you an estate executor or a trustee? March 31 is an important T3 income tax return filing deadline for a trust with a December 31 year-end.
Remember there were big changes in tax rules for testamentary trusts in 2016. Tax rates rose dramatically. Calendar year-ends became mandatory.
What is a testamentary trust? It’s a trust established according to the terms of a deceased person’s will.
If you are trustee, does your estate or trust have to pay tax at the flat top-bracket rate of