28 May 2012 CTF Prairie Trust Roundtable, 2012-0444891C6 - CTF Prairie Conference- Trust payment to Minor -- summary under Subsection 104(24)

CRA confirmed that "proper notice" of payment to a minor beneficiary by way of issuance of a promissory note can be given to the beneficiary's guardian, by referring to a statement in Question 2 of the 2010 STEP Round Table, 2010-0363071C6 that:

In case of a minor beneficiary, the trustees may advise the legal guardian of the child's property of [sic] this right.

Topics and taglines
Topic
Income Tax Act - s. 104(24)
Tagline
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
321455
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
341394
Extra import data
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