CRA confirms that the preferred beneficiary election and qualified disability trust election potentially can coexist

Where, for example, four grandparents each established a trust for their mutual disabled grandchild under their wills, with one of the trusts (after death) now being intended to be a qualified disability trust, CRA confirmed that the designation of that trust as a QDT would not restrict the availability of the preferred beneficiary election for the other three trusts (and the fourth trust could make the preferred beneficiary election even if it had elected to be a QDT).

Neal Armstrong. Summary of 10 June 2016 STEP Roundtable, Q. 4 under s. 104(14).