What happens next?

How to wind up an estate
Pay executor fees.
As executor, you have the right to compensate yourself before distributing assets to the beneficiaries. This is usually discussed earlier in the estate settlement process, but it is crucial to make sure this is taken care of at this stage.
Be sure to keep careful records of your compensation. In order to pay the executor fees, the estate must register with the cra for a payroll account and file an information return (form t4) by the 28th of february in the year following payment.