Trusts and Tax Planning in Canada

Establish a trust fund and appoint trustees for a family trust with this package of forms for Canada.

• The Family Trust package contains the following documents:
  • Discretionary Trust Deed.
  • Resolutions of the original trustee accepting the trust, acknowledging the settlement and providing for execution of documents and banking authority.
  • Receipt for the settlement from the settlor.
  • Consent to Act as Trustee form.
  • Appointment of additional trustees.
  • Trustee resolutions to be signed by the additional trustees.
• Available in MS Word format.
• Governed by Canadian tax laws and intended to be used only in Canada.

Prepare annual resolutions for a family trust in Canada with this easy-to-use forms package which contains:

• Trustee resolutions naming the records office, appointing the accountants, and confirming the acts of the trustees.
• Trustee resolutions resolving that all income allocations and expense payments required to be made have been or will be made for the year, and that the trust will not be liable for income tax under Part 1 of the Income Tax Act (Canada).
• This forms package is a downloadable MS Word file containing all of the resolutions. Fully editable and easy to use.
• Intended to be used only in Canada.

Secure repayment of a loan with this Demand Promissory Note template for Canada.

This is a simple form of Promissory Note, which is:

• payable on demand,
• accrues interest at a specified rate, and
• can be prepaid without penalty.

You can use this Demand Promissory Note anywhere in Canada. Download the file, fill in the details and print. Use it as often as you need to.

This downloadable Grid Note (also called a Term Note) can be used to secure multiple advances of loan proceeds.

• The form can be used anywhere in Canada.
• The Note covers multiple advances or stages of funding under a lending agreement between the borrower and the lender.
• This form of Note is commonly used for construction financing, where more than one advance of loan proceeds would be made.
• Provided in MS Word format, easy to download, fill in with your details, and print.

Set up an Irrevocable Discretionary Trust with this template trust deed for Canada.

• A discretionary trust is also called a blind trust because the beneficiary has no information about the assets in the trust or how the trust is administered.
• The settlor (the person setting up the trust) is the sole beneficiary of the trust and cannot act as a trustee.
• The division date will occur either upon the death of the beneficiary or on the 21-year anniversary of the establishment of the trust, whichever is earlier.
• The settlor reserves no powers or rights, and shall receive no benefits, income or capital of the trust fund in his/her capacity as settlor.
• This trust cannot be revoked.
• During the lifetime of the settlor, no income or capital of the trust shall be distributed to the settlor's spouse or a minor child of the settlor unless the distribution does not result in attribution of income or gain to the settlor under the Income Tax Act (Canada).
• This Irrevocable Discretionary Trust Deed is a good strategy to use when it's important that the beneficiary not be aware of what assets are held in the trust so as to avoid any claims of conflict of interest.