Under the current system, income earned in a testamentary trust has been subject to tax at graduated rates and planning using testamentary trusts has commonly focused on the potential tax benefits for beneficiaries resulting from this tax treatment. In effect, the system made it possible to split income between a testamentary trust and its beneficiaries.
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Bonds getting hammered is a pretty unusual occurrence. It seems that we are exiting a 30-year bull market on bonds. So what’s going on in the market to cause this to happen? And what are governments doing to counteract global inflation? Today on ThinkSm…
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