The King v. Fiducie Historia, 2025 CAF 177

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Summaries

Summary Under

notwithstanding their agreement somewhat to the contrary, trustees had not delegated their trustee function to others

A discretionary family trust received dividend income, which it allocated and distributed to one of its beneficiaries (the "father"). At around...

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Summary Under

Tax Court judgment should be based on the facts, if contradicted by an agreement

The Tax Court had found that, notwithstanding an agreement of the trustees of a discretionary trust to the contrary, the trustees continued to...

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Summary Under

taxpayers were successful in establishing that their own tax planning was ineffective

The tax-planning steps of the taxpayer (a family inter vivos trust) entailed an attempt to cause the corporation whose shares were held by the...

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