British Columbia Land Trust Agreement

Prepare a simple Trust Agreement for Land with this downloadable template form.

Who are the parties to the Trust Agreement?

The agreement is between a trustee corporation and a party that wants to purchase the land.

Obligations of the Parties

The trustee corporation agrees to hold the land as bare trustee on behalf of the purchaser, which will be the beneficial owner. The purchaser will provide the funds for the purchase.

The purchaser agrees to indemnify and hold the trustee harmless against all claims and demands.

Format and Scope of Use

The Trust Agreement for Land is available in MS Word format and is fully customizable to meet your requirements. This is a generic legal form which does not contain references to any specific statutes.

Use this template to write up a Bill of Sale for Canadian business assets which will be held in trust to reduce taxes payable on the transaction.

• The vendor will hold the assets in trust for the benefit of the purchaser.
• The purchase price will be allocated between capital assets and goodwill.
• The parties will file the necessary GST elections to treat the transaction as a wash.
• The Bill of Sale also includes a form of Promissory Note which can be used if all or part of the purchase price is being paid over time.
• Also included is a Declaration of Trust with respect to the assets.
• Available in MS Word format.
• Governed by Canadian tax laws and intended to be used only in Canada.

Learn about the various trust structures available to Canadians, and their tax benefits to the individual or business.

• This guide contains information on:
  • family trusts (bearer, inter vivo or "living" trusts and testamentary),
  • real estate investment trusts (REITs),
  • royalty trusts,
  • income trusts.
• The guide contains information relevant to Canadian residents and is available in Adobe PDF format.