Serving as an executor is often a time-consuming and demanding responsibility, requiring organization, diligence, and sound judgment. In recognition of this, executors are generally entitled to fair compensation for their work, unless the will provides otherwise. For example, some wills offer a specific bequest in lieu of fees, or appoint a family member with the expectation that they will waive compensation.
In this section, we will explore how executor compensation is determined in Canada, including:
- Typical fee guidelines
- Province-specific rules and court discretion
- How to address and resolve compensation disputes
We will also revisit the core fiduciary duties of an executor, such as the duty of care, duty of loyalty, and the duty to maintain accurate records, which must be upheld throughout the administration process and, in some respects, even after the estate is closed (e.g., through proper record retention).
Lastly, we’ll clarify the difference between executor compensation and reimbursement of out-of-pocket expenses, and how both should be properly claimed and documented.
Understanding Executor Compensation
Getting Executor Compensation Approved
Reimbursement of Expenses
Ongoing and Final Duties of the Executor
Executors are entitled to reasonable compensation for their time and effort - but with that entitlement comes the responsibility to administer the estate with diligence, transparency, and loyalty. When you approach the role with care and integrity, securing approval for your compensation and bringing the estate to a proper close will typically proceed smoothly and without conflict.