Shan is a capital and income beneficiary of the Shan Family Trust which is an intervivos trust created by his father for him. The Shan Family Trust's income was $40,000 in gross capital gains in 2019. If the trust allocates out 100% of its income to Shan, what will be the amount of tax paid by the trust?

Answer rating: 100% (QA)

To calculate the amount of tax paid by the trust on the gross capital gains o... View the full answer