Gary Booth CA Professional Corp. <br />#406 - 555 Burnhamthorpe Rd. | Toronto, On | M9C 2Y3 <br />Tel: 416-626-2727 | Fax: 416-621-7136 <br />E-mail: deceasedreturns@garybooth.com <br />https://www.deceased-tax-returns-canada.com <br /> <br />Why is it Important? <br />The passing of accounts is needed to protect both the beneficiaries of an estate and the administrator who manages the affairs of the estate for the following reasons: <br />1. The beneficiaries need to know the following: <br />a. how much distribution he or she is to receive <br />b. ensure the amount of the distribution he or she receives is correct and <br />c. ensure the administrator of the estate has acted honestly and in the best interest of all beneficiaries. <br />2. The administrator on the other hand wants to be certain that the beneficiaries are satisfied and receives the amounts that are due to them.
