Hi Lynne, please tell me that an estate fund (under lawyer) with monthly residual income can reduce it's taxes payable to a lower tax bracket by issuing T4/T4A slips (or whatever) to the beneficiaries who have been receiving income....? Thanks, Kathy
Hi Kathy, Certainly trust income can be allocated to the beneficiaries of the trust, and yes, the trust would have to issue T slips to them. The best person to assist you would be an accountant.
Hi Lynne, please tell me that an estate fund (under lawyer) with monthly residual income can reduce it's taxes payable to a lower tax bracket by issuing T4/T4A slips (or whatever) to the beneficiaries who have been receiving income....? Thanks,
ReplyDeleteKathy
Hi Kathy, Certainly trust income can be allocated to the beneficiaries of the trust, and yes, the trust would have to issue T slips to them. The best person to assist you would be an accountant.
DeleteLynne