De Mond v. R., 99 DTC 893, [1999] 4 CTC 2007 (TCC) -- summary under Subsection 104(2)
revocable living trust was a bare trust
A trust established by the taxpayer (apparently intended to be a revocable living trust for US tax purposes) was found to be a bare trust. After...
Words and Phrases
bare trust| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 104 - Subsection 104(1) | taxpayer characterized as playing the role of settlor, trustee and beneficiary of his “own” trust, so that it was a bare trust | 412 |