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 br br What is the passing of accounts? br br Passing of accounts is a reconciliation of the income, expenses, assets, and liabilities of the estate and will include the following 9 items: br br 1. A list of the assets for the estate on the DOD br br 2. A capital receipts account, which accounts for the gross receipts received on the sale, redemption, or maturity of the assets in the estate. The account also shows any capital gains received on the sale of investments br br 3. Capital disbursement account which accounts for the debts that have been paid against the estate account br br 4. Revenue receipts account showing all interest and dividends received and all other periodic payments that are normally considered to be income br br 5. Revenue disbursement account showing all payments made that are charged against revenue including tax payments and bank charges br br 6. Investment account that shows the money paid out in the purchase of securities and money received on sale of securities br br 7. Statement of all original assets and purchased securities that remained in the hands of the administrator at the end of the accounting period br br 8. Statement of all debts that are owing but not paid at the end of the accounting period br br 9. Administrator's claim for compensation. As you can see, a lot of information is required and we can help you prepare all the necessary documentation. For more information, phone us at 416-626-2727. You can also visit our website at deceasedtaxreturns.com or e-mail us at deceasedreturns@garybooth.com. Thank you. We look forward to hearing from you.