Definition of "Foreign Trust"

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Ruth
Posts: 27
Joined: Sat Apr 01, 2006 4:12 pm

Definition of "Foreign Trust"

Post by Ruth »

Precisely what constitutes a "foreign trust" and thus requires form 3520 when income is distributed from the same? For example, which of the following are classified as foreign trusts?
- bank account
- GIC
- mutual fund
- stock purchase
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