This essential publication provides comprehensive, in-depth commentary on trust and estate planning concepts.

Taxation of Trusts and Estates: A Practitioner's Guide 2023 is an essential handbook and research source for lawyers, accountants, trust administrators, and trust officers. Professionally compiled by an experienced multidisciplinary team, this publication provides comprehensive in-depth commentary on trust and estate planning concepts, and an explanation and discussion of the use of various types of trusts.

Preparing the T3 Trust Income Tax and Information Returns and Schedules with accuracy and certainty is no small task. To help you accomplish this quickly and correctly, this comprehensive guide offers clear, practical solutions and commentary for each step of the Return.

New in this edition

• The key aspects related to trusts and estates of the tax on split income (TOSI) rules effective as of January 1, 2018;
• The changes to the use of principal residence exemption by trusts;
• New notifiable transaction reporting requirements;
• The donation rules applicable to donations made by an estate that meets all the conditions of a graduated rate estate other than the 36-month duration;
• Special considerations applicable to taxation of non-resident trusts deemed to be resident in Canada;
• The new trust reporting requirements;
• The foreign reporting filing requirements in connection with trusts, noting the new shortened deadline for filing the information return for foreign affiliates by trusts; and
• Estate planning and post-mortem planning involving trusts.

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