CRA indicates that holding a gold or silver bar or coin, or a dividend receivable, would taint a trust otherwise exempted under s. 150(1.2)(b) from reporting requirements

Pursuant to s. 150(1.2)(b), the exception from trust reporting requirements under s. 150(1.1) - that may be available to individuals with no Part I tax payable or relevant dispositions - can apply to a trust for a particular tax year where the trust holds assets restricted to listed types of property including “money,” or listed shares, with an FMV not exceeding $50,000 throughout the year. CRA indicated that a trust holding a gold or silver bar or coin, or with a dividend receivable, would not satisfy the types-of-property test.

Neal Armstrong. Summary of 20 June 2023 STEP Roundtable, Q.3 under s. 150(1.2)(b).