Offshore Immigrant Trust
Moderator: Mark T Serbinski CA CPA
Offshore Immigrant Trust
I heard that Canada provides immigrants a chance to take a 5-year tax holiday if they set up an offshore trust before immigrating. And it will be no tax for the beneficiaires to receive the distributions of trust capital when the trust is termianted before the settlor lives in Canada for 5 years. Is the distribution of trust capital really free of tax and also no attribution rules? How could the CRA tell the distribution is from trust capital or income? If the beneficiaries receive the distribution of trust capital (stocks), what is the cost of stocks for beneficiaries? Thanks!
-
- Posts: 68
- Joined: Sun Nov 21, 2004 1:22 pm
- Location: The Dry Side of the Wet Coast
- Contact:
-
- Site Admin
- Posts: 611
- Joined: Tue Oct 26, 2004 8:05 pm
- Contact:
See this link for more information:
http://www.serbinski.com/Amincanada/Imm ... rusts.html
Regards,
Mark T. Serbinski, CA, CPA
http://www.serbinski.com/Amincanada/Imm ... rusts.html
Regards,
Mark T. Serbinski, CA, CPA