Susan, age 14, is the sole beneficiary of a trust. The trust document indicates that the income
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Does this mean that the income must be subject to tax in the trust until Susan turns 18? Income Tax Act reference: ITA 104(18).
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Provided the eventual payment is not subject to any future condition ...View the full answer
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Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
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