Trusts, Trustees and Estate Planning
What is a Trust? In Canada, the word “trust” has not been defined in the Income Tax Act (ITA), nor is there any definitive guideline to establish whether or not a trust …
Trustee
Creditors, the CRA and the Role of Estate Trustees
In Canada, the personal representative (ITA, s. 150(3)) carries the responsibility of addressing the tax consequence of a taxpayer’s death. But the ITA (Income Tax Act) does not merely create …
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