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 explains key estate planning considerations and tax rules for Canadian residents holding digital assets. He outlines how Canadian trust regulations differ from United States frameworks, noting that Canada does not offer a lifetime gift tax exemption comparable to the American system. When transferring assets into a trust in Canada, the contribution itself is treated as a taxable event involving a deemed disposition and basis adjustment. Claver notes that Canadian tax law does not recognize American limited liability companies as pass-through entities, which can lead to double taxation for cross-border corporate structures. As an alternative, many Canadian clients establish trusts domestically or in another country, such as Bermuda, or relocate to regions like the United Arab Emirates. Claver discusses how international clients can coordinate legal trust structures with institutional custody services to manage cross-border tax treatment.
Where this fits
This page hosts a recorded video and a short summary of what it covers. It is general information, not investment, tax, or legal advice, and not a recommendation to buy or sell any asset or to form any entity. Rules change and older recordings may describe a position that has since moved. Speak to a qualified professional before acting.