Words and Phrases - "express trust"

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27 August 2025 External T.I. 2025-1057461E5 - Trust Reporting, 149(5) Deemed Trust, 150(1.2)(e)

Summary Under
Tax Topics - Income Tax Act - Section 150 - Subsection 150(1.2)
a deemed trust is not an express trust

Where a deemed trust pursuant to s. 149(5) arises over the property of a non-profit organization (NPO), for example, a bank account, would the...

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Words and Phrases
express trust
Locations of other summaries Wordcount
Tax Topics - Income Tax Regulations - Regulation 204.2 - Subsection 204.2(1) a deemed trust (e.g., under s. 149(5)) is not subject to Sched. 15 reporting if it satisfies the historical s. 150(1.1)(b) T3 filing exception 278

CRA Webpage, Enhanced reporting rules for trusts and bare trusts: Frequently asked questions, updated on 14 March 2025

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...

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Words and Phrases
express trust