Canada: Trusts

On November 4, 2025 (Budget Day), the Honourable François-Philippe Champagne, Finance Minister, delivered the 2025 federal budget titled, "Canada Strong" (Budget 2025), the Liberal Party's first federal budget under Prime Minister Mark Carney.

A trust is a legal relationship that is created where property is entrusted to a person to hold or manage the property for the benefit of another.

Between January 1, 2024 and December 31, 2026, business owners can access significant tax benefits when selling a qualifying business to an employee ownership trust ("EOT") pursuant to a transaction that constitutes a qualifying business transfer. Among other benefits, eligible vendors are entitled to receive a shared pool of up to $10 million in capital gains deductions (the "EOT Deduction").

This Advisory provides an overview of the legal concept of a trust, including its role in family wealth preservation and management.

People support charities for a variety of reasons. Some donate to a hospital or health charity which has provided assistance to a close relative or friend.

This Advisory provides an overview of some of the key rules regarding the Canadian taxation of estates and testamentary and inter vivos trusts, including spouse, alter ego...

Typically, we tend to think of the beneficiaries of an estate under a will as being individuals or organizations: family members, friends, and charities. These beneficiaries usually receive their gift...

On August 12, 2024, the Canadian federal government released several packages of draft legislation to implement various tax measures, update certain previously released draft legislation, and make certain technical...

Bare trusts are a commonly used legal arrangement wherein the trustee holds legal ownership of assets on behalf of beneficiaries without actively managing or retaining control over those assets.