Words and Phrases - "bare trust"

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CRA Webpage, New reporting requirements for trusts and bare trusts: T3 returns filed for tax years ending after December 30, 2023, updated on 30 January 2025

Summary Under
Tax Topics - Income Tax Act - 101-110 - Section 104 - Subsection 104(1)

Meaning of "bare trust"

3.1. What is a bare trust?

The term "bare trust" is not defined in the Income Tax Act. However, a bare trust for income...

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Words and Phrases
bare 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
Tax Topics - Income Tax Act - Section 150 - Subsection 150(1.2) 180

Underused Housing Tax Notice UHTN15, Questions and Answers About the Underused Housing Tax, 17 April 2023

Summary Under
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Section 2 - Excluded Owner - Paragraph (b)

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

  • Where 2 individual citizens are shown on the land...

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Words and Phrases
bare trust
Locations of other summaries Wordcount
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Section 2 - Owner 62
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Section 2 - Excluded Owner - Paragraph (c) 32
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Section 2 - Dwelling Unit 69
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Section 2 - Residential Property 251
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Section 2 - Taxable Value 123
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Section 7 - Subsection 7(1) 319
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Section 2 - Specified Canadian Trust 153
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Underused Housing Tax Regulations - Section 2 - Subsection 2(3) 39
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Section 6 - Subsection 6(7) - Paragraph 6(7)(c) 50
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Section 6 - Subsection 6(7) - Paragraph 6(7)(d) 59
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Section 2 - Excluded Owner 41
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Section 6 - Subsection 6(7) - Paragraph 6(7)(h) 41
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Section 6 - Subsection 6(7) - Paragraph 6(7)(k) 51

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

Summary Under
Tax Topics - Excise Tax Act - Section 254 - Subsection 254(2) - Paragraph 254(2)(b)
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
bare trust
Locations of other summaries Wordcount
Tax Topics - General Concepts - Agency bare trustee is transparent for tax purposes 155

18 February 1994 External T.I. 9334285 F - Bare Trusts

Summary Under
Tax Topics - Income Tax Act - 101-110 - Section 104 - Subsection 104(2)

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
bare trust

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

Summary Under
Tax Topics - Income Tax Act - 101-110 - Section 104 - Subsection 104(2)
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
bare trust
Locations of other summaries Wordcount
Tax Topics - Income Tax Act - 101-110 - Section 104 - Subsection 104(1) taxpayer characterized as playing the role of settlor, trustee and beneficiary of his “own” trust, so that it was a bare trust 412