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Frequently asked questions > Company > Trust > Why consult a tax professional?

Why consult a tax professional?

When creating a trust, it is advisable to consult a tax professional who will be able to assess the overall situation as well as the tax and financial usefulness of such a trust.

For example, if a beneficiary is a minor, certain income attribution rules may apply, or if a trustee is a non-resident of Canada, different tax rules apply.

Ideally, a tax professional should also be consulted for any transaction made by the trust in order to verify all the tax impacts thereof.

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