Words and Phrases - "express trust"

a
83
b
44
c
75
d
50
e
38
f
31
g
18
h
13
i
72
j
2
k
2
l
30
m
53
n
25
o
38
p
79
q
3
r
75
s
88
t
46
u
15
v
9
w
22
y
2
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1

CRA Webpage, New reporting requirements for trusts: T3 returns filed for tax years ending after December 30, 2023, updated on 12 March 2024

Summary Under
Tax Topics - Income Tax Act - Section 150 - Subsection 150(1.2)
meaning of express trust

2.4. What is an express trust?

Generally, an express trust is a trust created with the settlor's express intent, usually made in writing (as opposed to a resulting or constructive trust, or certain trusts deemed to arise under the provision of a statute). Many types of trusts are express trusts.

Words and Phrases
express trust
Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 162 - Subsection 162(7) no s. 162(7) penalty for 2023 taxation year of bare trust unless gross negligence 142
Tax Topics - Income Tax Act - Section 163 - Subsection 163(5) no s. 163(5) penalty for 2023 taxation year of bare trust unless situation egregious 191