RQConf_PartnerLoginUrl RQConf_CheckUrl

The Charter of the French language and its regulations govern the consultation of English-language content.

Master Trust

A trust may be considered a master trust if it makes an election to that effect (by enclosing a letter with its income tax return for its first taxation year) and if, since its creation:

  • it has always been resident in Canada;
  • its only undertaking has been the investment of funds;
  • it has never borrowed money, unless the loan was for a period of 90 days or less and was not part of a series of loans or other transactions and repayments;
  • it has never accepted deposits; and
  • its only beneficiaries have been trusts governed by a deferred profit-sharing plan (DPSP), a registered pension plan (RPP), a pooled registered pension plan (PRPP) or a voluntary retirement savings plan (VRSP).

A trust that makes such an election is exempt from income tax and is not required to file a return for subsequent taxation years.

Note End of note

One mission. Concrete actions.

Read all about how we work to support and inform you. Our vision and values guide us as we carry out our role.

Veuillez patienter