Cdn. trust investing in U.S. Limited Partnership

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cory
Posts: 3
Joined: Tue Nov 16, 2004 8:13 pm

Cdn. trust investing in U.S. Limited Partnership

Post by cory »

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
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