RQConf_PartnerLoginUrl RQConf_CheckUrl

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

Preferred Beneficiary

An individual resident in Canada who is a beneficiary of a trust at the end of the year and meets one of the two following conditions:

  • The beneficiary qualifies for the tax credit for a severe and prolonged impairment in mental or physical functions for the taxation year that ends in the trust's taxation year.
  • The beneficiary:
    • is 18 years old before the end of the taxation year and was an individual's dependant during the year because of an impairment in mental or physical functions; and
    • has income for the taxation year (not including income from a preferred beneficiary election) that does not exceed the federal dependent tax credit, in accordance with section 108 of the Income Tax Act.

The beneficiary must also be:

  • the settlor of the trust;
  • the spouse or the former spouse of the settlor of the trust; or
  • the child, grandchild or great-grandchild of the settlor or of the settlor's spouse or former spouse.
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