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Level 1
Mar 10, 2024 3:18 PM UTC
Question

Executor fees

Where do you declare executor fees and what tax slip is issued?

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1 reply

Level 7
Mar 11, 2024 5:38 PM UTC

The estate reports any executor fees paid out on a T4 slip.  The estate must first register as an employer.  An exception would be if the executor performed their duties in the course of a business, for example, if a lawyer acted as executor.