CRA will continue its policy of not assessing inter vivos trusts for inadequate instalment payments

After a review announced two years ago (see 2014-0526591C6), CRA has now indicated that its policy, of not assessing penalties and interest where an inter vivos trust has failed to make sufficient instalment payments, will continue.

Neal Armstrong. Summary of 10 June 2016 STEP Roundtable, Q.6 under s. 220(3.1).