A trust will normally deduct all amounts that are paid or payable to a beneficiary. However, under ITA 104(13.1), it can designate certain amounts that have been paid as "not to have become paid or payable in the year". This will result in the trust having to include these amounts in its Taxable Income. Why would a trust make such a designation?

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The Answer of A trust will normally deduct all amounts that are paid or payable to a beneficiary. However, under ITA 104(13.1), it can designate certain amounts that have been paid as "not to have become paid or payable in the year". This will result in the trust having to include these amounts in its Taxable Income. Why would a trust make such a designation?

A Trust Will Normally Deduct All Amounts That Are Paid