Capital assets held by a trust are only subject to tax on a disposition that results from

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“Capital assets held by a trust are only subject to tax on a disposition that results from a sale or when they are distributed to beneficiaries.” Is this statement correct? Explain.

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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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Question Posted: Dec 19, 2015 04:33 AM

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Capital assets held by a trust are only subject to tax on a disposition that results from

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The statement is not correct Inter vivos and testamentary trusts are deemed to have disposed of cert...View the full answer

Canadian Income Taxation Planning And Decision Making

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