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As I mentioned in a latest publish about tax clearance certificates (click on right here to learn it), an executor usually waits for Canada Income Agency to ship her or him a Tax Clearance Certificate earlier than giving the beneficiaries their shares of the estate.
So as a result of someone’s negligence, not essentially his (maybe accountant or taxation canada)the property has $forty,000 less, and since he is the estate trustee or lawyer he is failing to disperse the $300,000 in cash on hand as he would possibly need it to defend the initial mistake.
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