5 December 2002 Internal T.I. 2002-0171847 F - RESIDENCE D'UNE FIDUCIE -- summary under Subparagraph (c.1)(ii)

An individual who is a beneficiary of a personal trust rents a residence owned by the trust and ordinarily inhabits the residence. CCRA indicated that since the individual appeared to be a specified beneficiary of the trust who ordinarily inhabited the residence, the trust could designate the residence as its principal residence as long as all the other conditions of the definition of "principal residence" were met, even though it rented the residence to that beneficiary.