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.