Create a trust deed establishing an Irrevocable Discretionary or Blind Trust for Canada, to be set up by an individual as settlor naming him/herself as the beneficiary of the trust. Provisions of the trust include:

• The division date will occur either upon the death of the beneficiary or on the 21-year anniversary of the establishment of the trust, whichever is earlier.
  
• The settlor reserves no powers or rights, and shall receive no benefits, income or capital of the trust fund in his/her capacity as settlor.
  
• The settlor may not act as a trustee.
  
• During the lifetime of the settlor, no income or capital of the trust shall be distributed to the settlor's spouse or a minor child of the settlor unless such distribution would not result in attribution of income or gain to the settlor for purposes of the Income Tax Act (Canada).

Related Documents

You may also be interested in these related documents:
CDA Indemnity of Director or Officer by Foundation Structure
Gift Deed - International Foundation
Management Indemnity Agreement
NS Affidavit of Legal Age & Spousal Status

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