Departmental Cheque - Revenue Trust Account

Reconciliation Statement - Revenue Trust Account

Revenue Trust Account Regulations [ Regulations Respecting Revenue Trust Accounts ]

You can have deposits across a wide class of accounts, ranging from trusts to RRSPs — deposits in RRSPs, not mutual funds in RRSPs — to regular savings accounts, chequing accounts.

2. Stresses the importance of taking full account in the negotiations of the special needs and interests of low-income developing countries and LDCs; considers a clear definition of low-income developing countries and emerging economies to be necessary; reiterates the need to ensure that the principle of special and differential treatment (S&DT) constitutes an integral part of the negotiations, reflecting the varying economic development levels of WTO members as set out in paragraph 44 of the Doha Ministerial Declaration; considers that meaningful S&DT provisions must be made more precise, subject to periodic ...[+++]reviews and targeted to respond to the need of those developing countries and LDCs which are most in need; commends the example of the Trade Facilitation Agreement in operationalising the S&DT principle for implementation phases which could set a useful example in the reviewing and targeting of S&DT provisions;

(14.1) Where, at the end of the day on which a taxpayer dies and as a consequence of the death, an amount would, but for this subsection, be deemed by subsection 104(5.1) to have been paid to a trust out of the trust’s interest in a NISA Fund No. 2 and the trust and the legal representative of the taxpayer so elect in prescribed manner, such portion of the amount as is designated in the election shall be deemed to have been paid to the taxpayer out of a NISA Fund No. 2 of the taxpayer immediately before the end of the day and, for the purpose of paragraph (a) of the description of B in subsection 12(10.2) in respect of the trust, the amo ...[+++]unt shall be deemed to have been paid out of the trust’s NISA Fund No. 2 immediately before the end of the day.

(6) No tax is payable under this Part by a trust that is governed by a TFSA on its taxable income for a taxation year, except that, if at any time in the taxation year, it carries on one or more businesses or holds one or more properties that are non-qualified investments (as defined in subsection 207.01(1)) for the trust, tax is payable under this Part by the trust on the amount that would be its taxable income for the taxation year if it had no incomes or losses from sources other than those businesses and properties, and no capital gains or capital losses other than from dispositions of those properties, and for that purpose,