CRA accepts that an executor can make a late election on the deceased’s behalf

CRA accepts that an executor has the capacity to make a late s. 45(2) election (respecting suspension of a principal residence’s conversion into a rental property) "on behalf of" the deceased.

Analogous issues may arise following a corporate merger or dissolution.

Neal Armstrong. Summary of 22 August 2014 T.I. 2014-0541171E5 under s. 220(3.2).