Search - "Contribution of Property"

Question on the T3 guide Q 10 on the T3 Return asks: Did the trust receive any additional property by way of a contribution of property (as defined in the "Definitions" of the guide) since June 22, 2000? ... The definition “contribution of property” in the Guide reads as follows: Contribution of property – generally refers to a transfer or loan of property, other than an arm’s length transfer, to a non-resident trust including: a series of transfers or loans that results in a transfer or loan to the non-resident trust; and a transfer or loan made as a result of a transfer or loan involving the non-resident trust. ... As a preliminary observation, the definition of contribution of property in the Guide changed last year in 2014 to more accurately reflect the definition of “contribution” in s. 94(1). ...

Official Response 15 June 2021 STEP Roundtable Q. 11, 2021-0883221C6- excess TFSA amount Q.12- Contribution of co-owned property to joint spousal trust Is it possible for spouses or common-law partners to jointly create a trust which meets the conditions set out in subparagraph 73(1.01)(c)(iii) of the Act with a contribution of property jointly-owned by the spouses or common-law partners? ...

Whether the payment of professional fees by a trustee, beneficiary, or other person is considered to be a contribution of property indirectly made by that person to the trust for the purposes of subsection 75(2) is a question of fact requiring an analysis of all the facts and circumstances relating to a particular situation. ...