RE:RE:RE:RE:RE:RE:Taxes & Family TrustTax law in Canada allows ANYONE to receive income from a trust on a tax free basis, but that income is taxed in the hands of the recipient.
Like I said earlier, a little knowledge is a dangerous thing...
Noshortsallowed wrote: Also tax law in Canada allows the very wealthy to receive dividends and other payments from Trusts tax free so the timing on this is genius. He can sell those shares years from now or tomorrow but my guess is he believes in well as much as ever and if he thought it was going down even further he would have waited for the shares to go even lower so his captial gains tax bill would be lower still. And if he thinks this is the lowest it will go then why wouldn't he continue to hold?