Gary Booth CA Professional Corp.
#406 - 555 Burnhamthorpe Rd. | Toronto, On | M9C 2Y3
Tel: 416-626-2727 | Fax: 416-621-7136
E-mail: deceasedreturns@garybooth.com
https://www.deceased-tax-returns-canada.com
Why is it Important?
The passing of accounts is needed to protect both the beneficiaries of an estate and the administrator who manages the affairs of the estate for the following reasons:
1. The beneficiaries need to know the following:
a. how much distribution he or she is to receive
b. ensure the amount of the distribution he or she receives is correct and
c. ensure the administrator of the estate has acted honestly and in the best interest of all beneficiaries.
2. The administrator on the other hand wants to be certain that the beneficiaries are satisfied and receives the amounts that are due to them.
