Funds an executor retains against unknown liabilities.
In Islamic law
Delays final distribution of the shares, sometimes by a year or more.
In Canadian law
Commonly held until a CRA clearance certificate is issued.
We have not yet researched whether the four Sunni schools differ on this term, so we are not going to tell you either way. Where a specific case turns on it, ask a qualified scholar rather than relying on a general summary.
Canadian legal detail
Treadstone Law, an Ontario firm with a wills and estates practice, covers the Canadian side of this in more depth:
- What is clearance certificate cra
- Cra clearance certificate estate ontario
- Executor closing estate cra clearance
This is legal information only. For advice on your own circumstances, speak to a lawyer.
Citations & sources
Every factual claim on this page traces to a source below. Details change — check the original source before relying on any figure, fee or legal position. Anything under “further reading” is related material, not a source for what is stated here.
- Administering estates — Government of Ontario
- What is clearance certificate cra — Treadstone Law
- Cra clearance certificate estate ontario — Treadstone Law
- Executor closing estate cra clearance — Treadstone Law
- Cra clearance certificate before dissolving ontario corporation — Treadstone Law
- Wills & estates practice — Treadstone Law