What Happens if Someone Deceased Owes Taxes in Canada?
Losing a loved one is a challenging time, especially when financial matters intersect with the grieving process. As you navigate estate planning or cope with the recent loss of a loved one, understanding the protocols surrounding tax obligations after a person's passing becomes a crucial aspect of managing their legacy. In this article, we aim to provide you with a compassionate and informative roadmap, shedding light on the procedures that unfold when a deceased individual owes taxes in Canada. Who is Responsible for Settling Outstanding Taxes and Debts After Someone Dies During this challenging time, the burden of addressing outstanding taxes [...]