Corporate Executorship

Executor’s Compensation (applicable in all provinces except Québec)

Whether you have been asked to act as the executor of an estate or you are considering who you should appoint as executor in your Will, it is important for you to understand how an executor is compensated before making your decision. This article will briefly outline the rules governing executor’s compensation in the common law provinces and the factors you need to consider when choosing an executor. Read more on this topic.

Tax implications of appointing a non-resident executor
Does it matter if your executor is a non-resident of Canada?  The answer is definitely, yes - the residence of your executor affects the residence of your estate for income tax purposes. As a result, appointing a non-resident of Canada to be the sole executor of your estate would cause your estate to be a non-resident of Canada too and trigger some potentially negative tax consequences.  Read more on this topic.