If capital property is transferred to a qualifying spousal trust, there will be no gain or loss on the transfer, any income earned on the property will be attributed back to the settlor, but capital gains on a disposition of the property by the trust will not be attributed back to the settlor.

Question

Quizplus · Accepted Answer

The Answer of If capital property is transferred to a qualifying spousal trust, there will be no gain or loss on the transfer, any income earned on the property will be attributed back to the settlor, but capital gains on a disposition of the property by the trust will not be attributed back to the settlor.

If Capital Property Is Transferred to a Qualifying Spousal Trust