Trusts in Canada — What You Need to Know. Jake Claver in this recording: “There is no lifetime gift tax exemption like you have here in the US.”
More on this subject: jakeclaver.com.
What this recording covers
Claver outlines the differences in trust regulations and tax treatments for Canadian residents compared to United States legal frameworks. He explains that Canada does not have a lifetime gift tax exemption equivalent to the United States system, and transferring assets into a trust triggers an immediate taxable event with a change in cost basis. Because Canadian authorities treat standard limited liability companies as corporate entities subject to cross-border double taxation, Claver discusses establishing trusts in Canada or another country to hold assets. He also notes that his firm offers institutional custody access directly to international individuals, allowing Canadian residents to participate in institutional structures without forming complex corporate entities or incurring redundant corporate taxes.
Where this fits
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