Dominion Succession Duty Regulations (SOR/54-743)

Regulations are current to 2019-06-20

Dominion Succession Duty Regulations

SOR/54-743

DOMINION SUCCESSION DUTY ACT

Dominion Succession Duty Regulations

Pursuant to the powers conferred by section 59 of the Dominion Succession Duty Act, I hereby revoke all regulations heretofore made under that Act and, in substitution therefor, make and establish the following regulations.

JAMES J. McCANN

Minister of National Revenue

Ottawa, December 28, 1954

Short Title

 These regulations may be cited as the Dominion Succession Duty Regulations.

Interpretation

 In these regulations,

Act

Act means the Dominion Succession Duty Act. (Loi)

Deputy Minister

Deputy Minister means the Deputy Minister of National Revenue Taxation. (sous-ministre)

Minister

Minister means the Minister of National Revenue. (ministre)

Administration

  •  (1) The Deputy Minister is authorized to exercise the powers conferred by the Act upon the Minister as fully and effectively as if the said powers were exercised by the Minister.

  • (2) The forms contained in Schedule A hereto are the forms prescribed for the purposes of the Act.

Statement of Value and Relationship

  •  (1) Subject to the provisions of section 16 of the Act, the executor and every heir, legatee, substitute, institute or other successor shall, within six months after the death of the deceased, without any notice or demand therefor, deliver to the Administrator of Succession Duties or a Director-Taxation, the information required by the Act, more generally indicated as the value of all property included in the succession.

  • (2) For the purposes of subsection (1), Form S.D. 1, Form S.D. 1 Special and Form S.D. 1 NR are hereby prescribed.

 The forms prescribed by subsection (2) of section 4 shall be used as specified hereunder:

  • (a) Form S.D. 1 shall be used where the deceased died domiciled within Canada and the value of all property included in the succession exceeds forty thousand dollars, and shall be filed in duplicate together with one certified copy and one office copy of the last will and testament of the deceased;

  • (b) Form S.D. 1 Special or S.D. 1 shall be used where the deceased died domiciled within Canada and the value of all property included in the succession does not exceed forty thousand dollars and a single copy thereof shall be filed together with one certified copy of the last will and testament of the deceased; and

  • (c) Form S.D. 1 NR shall be used where the deceased died domiciled outside of Canada, and a single copy thereof shall be filed together with one certified copy of the last will and testament of the deceased.

 Form S.D. 1 or S.D. 1 Special shall be delivered to a Director-Taxation for the district in which the deceased during his lifetime, filed his last income tax return or the district in which he resided at death.

 Where the deceased died domiciled outside of Canada, Form S.D. 1 NR shall be delivered to the Administrator of Succession Duties, Taxation Division, Department of National Revenue, Ottawa.

Demand for Information

 The Deputy Minister, the Administrator of Succession Duties and the Directors-Taxation are hereby empowered to demand by registered letter any information, additional information or explanation pertaining to any matter arising under the Act, and such information or explanation shall be furnished by the heir, legatee, substitute, institute, executor, successor or other person having under his control any such information.

Opening of Safety Deposit Boxes

  •  (1) For the purposes of section 51 of the Act, an officer of a branch of a bank (which includes a savings bank operated under the Quebec Savings Banks Act), of a loan or savings company, of an insurance company, or of a trust company approved by the Minister and listed in Schedule B hereto, shall in the presence of a representative of the estate represent the Minister at the opening of a depository located where such officer is employed for the purpose of examining the contents thereof and permitting the withdrawal therefrom of the will of the deceased.

  • (2) The representative of the estate present at the opening of a depository shall furnish the representative of the Minister with a true and complete list of the contents of the depository certified as being true and complete by the depositary.

 The representative of the Minister shall complete and sign in duplicate Form S.D. 31, which shall also be signed by the representative of the estate, and shall retain the original thereof and forward the copy together with the certified list of the contents of the depository to the Administrator of Succession Duties or to a Director-Taxation.

Withdrawal of Contents of Safety Deposit Boxes

 Before the contents of any safety deposit box or depository may be withdrawn, in whole or in part, by any person except as provided for in section 9, there shall be procured from the Deputy Minister or the Administrator of Succession Duties or a Director-Taxation, Form S.D. 32 consenting to the withdrawal of the contents from the safety deposit box or depository; such form shall

  • (a) bear the signature of the Deputy Minister written, printed or stamped thereon; and

  • (b) be signed in the space provided for under the words “Verified by” by the Deputy Minister or the Administrator of Succession Duties or a Director-Taxation or an officer authorized by any of them.

Consent to Transfer of Property

 Except as otherwise provided by the Act, before any property whatsoever may be transferred, the consent on Form S.D. 30, as required by section 50, shall be obtained from the Deputy Minister or the Administrator of Succession Duties or a Director-Taxation; the form shall be completed in the manner prescribed by section 11.

 Insurance moneys, benevolent and friendly society benefits and superannuation benefits, may be paid to the persons entitled thereto, where the payment does not exceed fifteen hundred dollars; but the person making such payment shall lodge notice of payment at the time thereof with the Administrator of Succession Duties or a Director-Taxation on Form S.D. 17.

 Bank or company deposits, claims in respect of salary or wages and gratuities may be paid where the payment does not exceed five hundred dollars; but the person making such payment shall lodge notice of payment at the time thereof with the Administrator of Succession Duties or a Director-Taxation on Form S.D. 18.

Notice of Assessment

 The notice of assessment required by section 23 of the Act shall be in accordance with Form S.D. 7, and shall bear the signature or facsimile signature of the Deputy Minister written, printed or stamped thereon.

Security

 The security required by section 27 of the Act shall be given

  • (a) by the deposit with the Receiver General of Canada of a sum of money considered by the Deputy Minister to be sufficient; or

  • (b) by a bond of indemnity, satisfactory to the Deputy Minister in a penal sum not less than double the amount of the whole or unpaid portion of the estimated duty.

 Bonds shall be furnished, according to the circumstances, in one of the following forms:

  • (a) where a company is appointed executor, administrator or trustee by the will of the deceased, or by the court, and the company is by the law of the province authorized to act without security in the administration of the estate, the bond shall be in accordance with Form S.D. 2.

  • (b) all other executors and administrators shall have Form S.D. 2 endorsed by way of guarantee in support of the executor’s or administrator’s signature by a guarantee company satisfactory to the Deputy Minister; and

  • (c) every bond required to be filed by a successor shall be in accordance with Form S.D. 3 and shall be endorsed by way of guarantee by a guarantee company satisfactory to the Deputy Minister; every such bond shall be deposited with the Administrator of Succession Duties or a Director-Taxation.

Statement of Debts

 Debts claimed as allowances and not shown on Form S.D. 1 or S.D. 1 NR as being particular to the property described shall be declared on Form S.D. 14, and shall be filed with the Administrator of Succession Duties or a Director-Taxation at the time of the completion and filing of Form S.D. 1 or S.D. 1 NR; the Form S.D. 14 shall set forth general debts, in so far as they are then known, funeral expenses, surrogate, probate and other like court fees for which allowance is claimed.

Interest in Expectancy in Possession

 Where an interest in expectancy falls into possession, and the duty thereon has not been paid, the executor, administrator or trustee, or the person who benefits by such interest in expectancy, shall furnish to a Director-Taxation on Form S.D. 1 where the deceased died domiciled within Canada, or to the Administrator of Succession Duties on Form S.D. 1 NR where the deceased died domiciled outside of Canada, a statement in detail showing particulars of the property in respect of which such interest in expectancy exists, and the value thereof at the time of falling into possession.

Certificate of Discharge

 Where the Deputy Minister is satisfied that the succession duties have been paid in full by the person or persons who were liable therefor in respect of all properties included in successions from the deceased, he may cause to be issued a Certificate of Discharge on Form S.D. 9; the form shall be completed in the manner prescribed by section 11.

Valuation of Annuities

  •  (1) The value of every annuity, term of years, life estate, income or other estate, and of every interest in expectancy, shall be determined

    • (a) where the succession does not depend on life contingencies, on the basis of compound interest at the rate of four per centum per annum with annual rests; and

    • (b) where the succession depends on life contingencies, on the basis of compound interest at the rate of four per centum per annum with annual rests, together with the standard of mortality as defined in Table II;

    and Tables I, III and IV which are derived from the said bases, shall be used so far as they may be applicable in the valuation of any succession.

  • (2) The amount of the duty payable in respect of any succession within the terms of paragraph (b) of subsection (3) of section 7 of the Act shall be determined in accordance with Table V.

  • (3) Tables I, II, III, IV and V are contained in Schedule C hereto.

FORMS

  • GRAPHICS ARE NOT DISPLAYED, SEE SOR/54-743, PP. 849 TO 868

SCHEDULE BApproved Trust Companies

  • The Acadia Trust Company
  • Administration and Trust Company
  • Barclays Trust Company of Canada
  • British Canadian Trust Company
  • The British Mortgage & Trust Corporation of Ontario
  • The Brockville Trust and Savings Company
  • The Canada Permanent Trust Company
  • The Canada Trust Company
  • The Central Trust Company of Canada
  • Chartered Trust Company
  • Co-operative Trust Company Limited
  • Crown Trust Company
  • Custodian Trust Company Limited
  • The Eastern Trust Company
  • The Equitable Trust Company
  • Executors and Administrators Trust Company Limited
  • General Trust of Canada
  • Guaranty Trust Company of Canada
  • Guardian Trust Company
  • The Imperial Trust Company
  • The Industrial Mortgage and Trust Company
  • The Lambton Loan & Investment Company
  • The Maritime Trust Company
  • Montreal City & District Trustees Limited
  • Montreal Safe Deposit Company
  • Montreal Trust Company
  • Morgan Trust Company Limited
  • National Trust Company Limited
  • The Nova Scotia Trust Company
  • Okanagan Trust Company
  • Osler & Nanton Trust Company
  • The Premier Trust Company
  • Prince Edward Island Trust Company
  • Prudential Trust Co. Limited
  • Retailers’ Trust Company Limited
  • The Royal Trust Company
  • The Security Trust Company Limited
  • Sherbrooke Trust Company
  • The Sterling Trusts Corporation
  • Toole, Peet Trust Company
  • The Toronto General Trusts Corporation
  • Victoria & Grey Trust Company
  • The Waterloo Trust & Savings Company
  • Westminster Trust Company
  • The Yorkshire & Canadian Trust Limited

SCHEDULE CTables

TABLE I

Present Value of Deferred Gifts

Number of YearsPresent Value
196154
292456
388900
485480
582193
679031
775992
873069
970259
1067556
1164958
1262460
1360057
1457748
1555526
1653391
1751337
1849363
1947464
2045639
2143883
2242196
2340573
2439012
2537512
2636069
2734682
2833348
2932065
3030832
3129646
3228506
3327409
3426355
3525342
3624367
3723430
3822529
3921662
4020829
4120028
4219257
4318517
4417805
4517120
4616461
4715828
4815219
4914634
5014071
5113530
5213010
5312509
5412028
5511566
5611121
5710693
5810282
5909886
6009506
6109140
6208789
6308451
6408126
6507813
6607513
6707224
6806946
6906679
7006442

TABLE II

Prescribed Standard of Mortality

Years of AgeRate of Mortality
At Birth011310
1005110
2003320
3002160
4001500
5001234
6001243
7001250
8001255
9001256
10001257
11001257
12001257
13001257
14001259
15001262
16001267
17001277
18001290
19001308
20001331
21001360
22001398
23001442
24001496
25001561
26001634
27001721
28001822
29001936
30002065
31002212
32002377
33002562
34002763
35002981
36003216
37003470
38003742
39004037
40004356
41004699
42005068
43005468
44005898
45006362
46006863
47007403
48007983
49008613
50009288
51010018
52010805
53011653
54012566
55013554
56014614
57015760
58016992
59018321
60019753
61021297
62022958
63024749
64026675
65028751
66030986
67033390
68035978
69038763
70041758
71044980
72048444
73052167
74056167
75060464
76065081
77070032
78075349
79081050
80087161
81093709
82100723
83108229
84116257
85124837
86134000
87143786
88154211
89165320
90177138
91189709
92203062
93217216
94232198
95248059
96264796
97283515
98305778
99331840
100362122
101397579
102438921
103487276
104542279
105610442
106690722
107800000
108833333
1091 000000

TABLE III

Present Value of Life Interests or Life Annuities

Years of AgeValues
$
At Birth22 30082
122 45817
222 47646
322 45337
422 40206
522 33313
622 25516
722 17416
822 08999
922 00245
1021 91133
1121 81646
1221 71766
1321 61479
1421 50767
1521 39617
1621 28013
1721 15942
1821 03393
1920 90354
2020 76815
2120 62767
2220 48200
2320 33109
2420 17487
2520 01331
2619 84638
2719 67402
2819 49627
2919 31314
3019 12463
3118 93078
3218 73166
3318 52733
3418 31791
3518 10340
3617 88383
3717 65918
3817 42949
3917 19475
4016 95504
4116 71038
4216 46085
4316 20648
4415 94740
4515 68370
4615 41547
4715 14287
4814 86604
4914 58511
5014 30028
5114 01172
5213 71966
5313 42430
5413 12589
5512 82464
5612 52088
5712 21484
5811 90684
5911 59717
6011 28615
6110 97413
6210 66145
6310 34844
6410 03549
659 72295
669 41120
679 10063
688 79160
698 48450
708 17972
717 87762
727 57859
737 28300
746 99119
756 70353
766 42033
776 14195
785 86865
795 60075
805 33852
815 08220
824 83199
834 58812
844 35075
854 12002
863 89602
873 67883
883 46848
893 26492
903 06805
912 87765
922 69343
932 51491
942 34129
952 17131
962 00311
971 83355
981 66145
991 48899
1001 31763
1011 14827
10298233
10382082
10466494
10551082
10636374
10722313
10816026

TABLE IV

Present Value of an Annuity for a Term Certain

Number of YearsValues
$
196154
21 88609
32 77509
43 62990
54 45182
65 24214
76 00205
86 73274
97 43533
108 11090
118 76048
129 38507
139 98565
1410 56312
1511 11839
1611 65230
1712 16567
1812 65930
1913 13394
2013 59033
2114 02916
2214 45112
2314 85684
2415 24696
2515 62208
2615 98277
2716 32959
2816 66306
2916 98371
3017 29203
3117 58849
3217 87355
3318 14765
3418 41120
3518 66461
3618 90828
3719 14258
3819 36786
3919 58448
4019 79277
4119 99305
4220 18563
4320 37079
4420 54884
4520 72004
4620 88465
4721 04294
4821 19513
4921 34147
5021 48218
5121 61749
5221 74758
5321 87267
5421 99296
5522 10861
5622 21982
5722 32675
5822 42957
5922 52843
6022 62349
6122 71489
6222 80278
6322 88729
6422 96855
6523 04668
6623 12181
6723 19405
6823 26351
6923 33030
7023 39451
7123 45626
7223 51564
7323 57273
7423 62762
7523 68041
7623 73116
7723 77996
7823 82689
7923 87201
8023 91539
8123 95711
8223 99722
8324 03579
8424 07287
8524 10853
8624 14282
8724 17579
8824 20749
8924 23797
9024 26728
9124 29546
9224 32256
9324 34861
9424 37367
9524 39776
9624 42092
9724 44319
9824 46461
9924 48520
10024 50500

TABLE V

Soldiers’ Estates

Age when killedNormal Expectation of life at time of deathProportion of Duty
YearYearsTo be paidTo be remitted
15blank line53 4120387962
16blank line52 5220937907
17blank line51 6421497851
18blank line50 7722057795
19blank line49 9122627738
20blank line49 0523217679
21blank line48 2023807620
22blank line47 3624417559
23blank line46 5125037497
24blank line45 6725677433
25blank line44 8326327368
26blank line43 9826997301
27blank line43 1227697231
28blank line42 2728407160
29blank line41 4129147086
30blank line40 5529907010
31blank line39 6930676933
32blank line38 8231486852
33blank line37 9632296771
34blank line37 1033136687
35blank line36 2334006600
36blank line35 3834876513
37blank line34 5235786422
38blank line33 6736696331
39blank line32 8337626238
40blank line31 9838596141
41blank line31 1439566044
42blank line30 2940585942
43blank line29 4641595841
44blank line28 6242655735
45blank line27 7943715629
46blank line26 9644815519
47blank line26 1445925408
48blank line25 3347045296
49blank line24 5248185182
50blank line23 7249355065
51blank line22 9350524948
52blank line22 1551714829
53blank line21 3952894711
54blank line20 6354104590
55blank line19 8855324468
56blank line19 1456564344
57blank line18 4157804220
58blank line17 6959054095
59blank line16 9960303970
60blank line16 2961563844
61blank line15 6062843716
62blank line14 9264133587
63blank line14 2665403460
64blank line13 6166683332
65blank line12 9867943206
66blank line12 3669213079
67blank line11 7670462954
68blank line11 1871682832
69blank line10 6172912709
70blank line10 0674112589
71blank line9 5275322468
72blank line9 0076492351
73blank line8 5177622238
74blank line8 0378732127
75blank line7 5779822018
Date modified: