Are executor's fees received when an executor works on an estate taxable? Generally, yes, but that's not the whole story. To find out more about this, click the link below, which goes to Megan Connelly's blog, the Toronto Estates and Trusts Monitor.
Some Taxing Issues Surrounding Executor's Compensation
I echo Ms. Connelly's advice to check with an accountant before deciding to accept executor's pay.
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