bare trust

Meaning of trust

1.1. What is a trust? …

Separation of legal and beneficial ownership

Two returns required where 2 registered individuals holding as partners (para. 1.8)

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Full Title

Cheema v. The Queen, 2016 TCC 251 (Informal Procedure), rev'd 2018 FCA 45

Summary Under

unrelated individual acquiring interest as bare trustee did not deny the rebate

Because of lender requirements respecting the taxpayer’s purchase of a new home, on the closing of the purchase, a friend of the taxpayer (Dr....

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Words and Phrases

Summary Under

Where a settlor transfers property to a trust having the characteristics according with RC's understanding of a bare trust (the settlor is the...

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Words and Phrases

Full Title

De Mond v. R., 99 DTC 893, [1999] 4 CTC 2007 (TCC)

Summary Under

revocable living trust was a bare trust

A trust established by the taxpayer (apparently intended to be a revocable living trust for US tax purposes) was found to be a bare trust. After...

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Words and Phrases

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