Tuesday, December 3, 2019
- When to use them and when to wind them up!
- Significant changes to tax compliance and reporting for trusts will be forthcoming in the 2021 tax year. In addition, new tax provisions introduced with the “Tax on split income “rules will curtail the use of trusts for income splitting. This session will take a look at where the use of a trust may not necessarily be that useful anymore and the tax issues involved in winding up the trust. The session will also review where trusts can still be useful and set out strategies for their use