14 February 2011 External T.I. 2010-0381561E5 - Deductibility of Trustee Fee -- summary under Paragraph 20(1)(bb)

Where the trustee pays, on behalf of the trust, fees for advice as to the advisability of purchasing or selling securities in respect of the administration or management of the shares or securities in respect of the administration or management of the shares or securities held by a trust, to another person described in paragraph 20(1)(bb) of the Act, any reimbursement by the trust to the trustee for such fees may be deductible to the trust under paragraph 20(1)(bb) of the act provided the requirements in paragraph 20(1)(bb) of the Act are otherwise fully satisfied.