Family Trusts

There are a number of different types of trusts, each with their own advantages and disadvantages as well as their own unique income tax attributes. People are generally not aware of family trusts or assume that they are something only the wealthiest 1% use. However, this is a misconception as family trusts are an important planning tool in many private corporation settings. Our September newsletter focuses on family trusts and some of the planning reasons they are used.