Section 6 - Trust amounts



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End of attention

The notional assessable income of a CFC may include certain trust amounts arising for the CFC in the statutory accounting period. There are three types of trust amounts:

  • amounts derived as a beneficiary of a trust estate where the CFC is personally entitled to a share of the net income of the trust estate
  • other amounts paid to, or applied for the benefit of, the CFC by the trustee of a trust estate
  • amounts attributed to the CFC under the transferor trust measures.
Last modified: 05 Dec 2006QC 17522