Are there any pitfalls to be aware of when a Canadian discretionary inter-vivos trust invests in a U.S. Limited Partnership? This L.P. will earn effectively connected income and it is the intention that the Cdn. trust will be the taxable entity filing the U.S. returns, as opposed to the individuals beneficially interested in the trust.
Cory
Cdn. trust investing in U.S. Limited Partnership
Moderator: Mark T Serbinski CA CPA