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Level 1
posted Jun 9, 2023 9:35:13 AM

Canadian Beneficiary to US estate

I am executor of my late husband's estate. We are both US citizens and live in North Carolina, USA. One of the beneficiaries of my husband's estate is a Canadian citizen/Canadian resident with NO financial ties to the US. The US estate has earned interest from the time of death to the time the assets were distributed (in US called DNI). I assume that I have to notify the Canadian government of the interest so that the Canadian Citizen can report it on his Canadian tax return. Is there a form that I would be required to submit to the Canadian government? I looked at the T5 but that seemed to refer to Canadian companies. The interest the estate earned was from US banks.

Thank you for any help you can provide.

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