CRA indicates that payment of trust-related professional fees by a trustee or beneficiary prior to (rather than after) trust settlement does not engage s. 75(2)

CRA indicated that the payment of trust-related professional fees by a trustee or beneficiary prior to trust settlement does not engage s. 75(2), whereas such payments following the settlement “could be considered a contribution or transfer made indirectly to the trust by that other person and could, depending on the circumstances, result in the application of subsection 75(2).”

Neal Armstrong. Summary of 10 October 2024 APFF Roundtable, Q.15 under s. 75(2).