ARTICLE · 18 JUNE 2014

Trustee Training

Minden Gross LLP

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I recently spoke at the Ontario Bar Association about the proper administration of trusts. It’s a topic that I first presented on and wrote about four years ago.

CanadaTax

Samantha Prasad

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I recently spoke at the Ontario Bar Association about the proper administration of trusts. It's a topic that I first presented on and wrote about four years ago.

At the time, the CRA was in the midst of a special audit project aimed at family discretionary trusts.

When I was approached to repeat my presentation again this month, I was told that even if the audit project is a thing of the past, the fact remains that family trusts still need proper attention. And they were right – the topic is still a timely one.

Even though I no longer hear whispers on the street about the CRA focusing on these types of trusts, it does not mean that you can become more relaxed when dealing with your trust's compliance each year.

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