Applying section 7C of the Income Tax Act with confidence

Trusts are often used as a tax planning vehicle. It is an effective tool to transfer assets or income to beneficiaries. Unfortunately, unexpected and unwanted tax consequences sometimes arise on transactions entered into with trusts. In this course we unpack when section 7C will be applicable (and when it will not be applicable), how section 7C works, the calculation of the tax consequences arising on section 7C transactions, and the interaction between section 7C and other tax provisions.