Liquidating estate quebec
Here are some useful lessons to ensure that you are released from all the deceased’s tax liabilities.As a liquidator (formerly known as the testamentary executor), you have responsibilities.
Unless included in your business income, trustee, executor, or liquidator fees paid to you for acting as an executor is income from an office or employment.
Failing to request such a certificate may be costly.
Any amount distributed before this certificate is obtained will render the liquidator personally liable for the tax liabilities of the deceased, up to the limit of the amounts distributed without authorization.
She is also regularly called upon by the media to comment on tax and business issues.
As the legal representative, you may wish to appoint an authorized representative to deal with us for tax matters on your behalf.