Trusts as a Tool for Estate Planning

This module delivers an in-depth exploration of trusts as a powerful estate planning tool, with emphasis on their tax, legal, and strategic uses in the Canadian context. CPAs will learn how to structure and utilize various types of trusts—including inter vivos and testamentary trusts, spousal trusts, alter ego trusts, and joint partner trusts—to achieve asset protection, income splitting, and deferred tax outcomes. Topics include trust residency rules, attribution rules, the 21-year deemed disposition rule, and the interaction of trusts with corporate reorganizations and charitable planning. The module also examines trust reporting requirements, compliance risks, and CRA audit trends. Participants will understand when and how to deploy trusts to complement wills, insurance, and business succession strategies. Real-life scenarios will highlight the CPA's role in maintaining compliance while helping clients maintain control, privacy, and tax efficiency across generations.