Trusts, Explained - Everything You Need To Know About Trust Accounts in Canada For Beginners 

Do you have any questions about CDIC protection of deposits held in Trust? Ask away! ⬇

Setting aside the topic of trusts, I'm truly impressed with both of your presentation skills.

This video really helped me wrap my head around the concept of trusts while doing my WME! the textbook is super bland, but this video helped so much! thank you guys! definitely subscribed for future videos! :)

Although trust is not relevant to my personal financial situation it was still nice to learn about a totally new topic. Thank you 😊

Thanks guys, I really had no idea how it all works. Now I have more info.

This was so clearly explained it was actually helpful. Thank you so much

Do you have a ‘step by step on how to open a trust account on the CRA website’ video?

Great video. Was hoping to hear the effects of the 21yr rule and how it affects trusts and the fact that trusts are still considered a tax payer in Canada and pays at the highest personal marginal tax rate. Will there be a further video covering this as well as operating a business within a trust? Thanks again for the video.

Great video. Question.. How are the assets inside an ITF account transferred after age of majority is reached? How is the account dissolved? Are they a deemed disposition? Do the shares get sold? Thanks!

Very nice video! I learned a lot! Thank you.

Glad to have found this video! Thank you!

😊❤Thank you so much for clarifying

I am interested in setting up a trust.what do I do? Do I look for a lawyer or do you have any firms that you will recommend

Great vid guys, Can you shed some light on common law pure trust?

I would like to know it is good to form the trust account especially for my children for the properties in Ontario

Hi my daughter has two children and is on ODSP and RGI. The father of her children passed away over the holidays and she found out she was his beneficiary through his union. She doesn't want to lose her benefits. I heard about a Henson trust and wondering if I can open the trust and her inheritance can be put through that. She wants me to be her trustee. Is a Henson trust possible?

thanks the video guys! den, would you consider doing a video on the cpa since you've completed yours? could be a good idea and might help others! (I'm currently looking into doing mine)

How do I tansfer my home into the rust in canada without incurring a taxabele event?

Do you have these videos in french for Quebecers please?

3:17 "for when the person setting up the trust is actually dead".!? Or do you mean it 'comes into effect' after the person dies?

What are the responsibilities of a trustee for beneficiaries on an in-trust account from insurance or penion benefit payout to minors?

What happens if your beneficiaries and the settlor die prematurely? Can that fund or asset be claimed by other family members, or does it just go to the government?

Can the Trustee and Beneficiary be the same person?

Hi good afternoon. I would like to ask some questions about a trust

Our biggest issues is how do we protect our identity from servants? Our business registry name?

I’m gonna have to watch this the second time cause it sounded like math and I don’t trust math 😂

Nailed it.

Couldn’t a person just open a cash account and invest in it using tax efficient ETF’s then transfer the account to their kids in-kind when they want to? An informal trust seems like a waste of time when you realize that. Also, an informal trust is out of your hands when the kids turn 18. So if they turn out to be unsavoury people they’re getting the money whether you like it or not. At least with a cash account you can maintain control.

It should be "3. Beneficiary" which is written wrong as "2. Beneficiary".

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any lawyers who could do this here ?

So dam fast

all i heard was tax tax tax tax ,

Do you have a video on segregate funds ?? I've found by having them open they are exempted from ODSP asset limits. Many people do not know this.