Words and Phrases - "bare trust"
CRA Webpage, Enhanced reporting rules for trusts and bare trusts: Frequently asked questions, updated on 14 March 2025
Meaning of trust
1.1. What is a trust? …
Separation of legal and beneficial ownership
Ordinarily, a person who has legal title to a property...
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 | |
| Tax Topics - Income Tax Regulations - Regulation 204.2 - Subsection 204.2(1) | 66 | |
| Tax Topics - Income Tax Act - Section 163 - Subsection 163(5) | 126 | |
| Tax Topics - Income Tax Act - Section 150 - Subsection 150(1.2) - Paragraph 150(1.2)(a) | 80 |
Underused Housing Tax Notice UHTN15, Questions and Answers About the Underused Housing Tax, 17 April 2023
Two returns required where 2 registered individuals holding as partners (para. 1.8)
- Where 2 individual citizens are shown on the land...
Words and Phrases
bare trustCheema v. The Queen, 2016 TCC 251 (Informal Procedure), rev'd 2018 FCA 45
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....
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
Where a settlor transfers property to a trust having the characteristics according with RC's understanding of a bare trust (the settlor is the...
Words and Phrases
bare trustDe Mond v. R., 99 DTC 893, [1999] 4 CTC 2007 (TCC)
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...
Words and Phrases
bare trust| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - 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 |