A trust is a highly versatile tax and estate planning tool, and there are many situations where a family trust can be created, such as to optimize the tax position of the family unit or to transfer a patrimony. However, a trust also has restrictions and is subject to specific tax rules that you should be aware of before setting up such an arrangement.
Our speakers will discuss the key takeaways regarding the administration of a trust, as well as the civil and tax rules that apply to it, including:
- general tax obligations;
- new corporate transparency requirements;
- the need for an independent trustee in Québec civil law;
- decisions of trustees and maintenance of a trust book;
- payment of trust expenses and direct or indirect contributions to the trust;
- the distribution and allocation of trust income;
- income splitting and tax attribution rules;
- multiplication of the Capital Gains Deduction;
- the 21-year rule.
Agenda
- 8h30 -Login
- 8h30 à 10h - Presentation and question period
They will also discuss situations that should be avoided and that could potentially negate the benefits associated with using a trust.
Cost
This training is offered free of charge.
Webinar materials and recording: If you are unable to attend the live training, choose the option to submit materials and recording on the registration page.
A confirmation of participation will be sent to you for your continuing education hours with the Barreau du Québec.
