2020 Ruling 2020-0848231R3 F - Rollover of RRSP proceeds to a lifetime benefit trust.
The will of the deceased provided for the creation of a testamentary trust for the Beneficiary (the adult son of the deceased who, due...
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14 October 2022 External T.I. 2021-0913801E5 - Lifetime Benefit Trust
Under the rule against accumulations in Ontario (and other provinces), any trust income after a specified period (“surplus income”) may not be...
3 December 2020 External T.I. 2019-0823751E5 - Lifetime Benefit Trust
In response to requested clarification concerning the meaning of “mental infirmity” and the consequences of annual distributions from a...
Words and Phrasesmental infirmity