Answered

Discover the best answers at Westonci.ca, where experts share their insights and knowledge with you. Our platform provides a seamless experience for finding reliable answers from a knowledgeable network of professionals. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

do business trust income tax on income according to the conduit principle

Sagot :

beinggreat78

Answer:

Yes, the grantor pays the taxes on the income that comes from the trust. They have complete control of the trust. Money is then placed into the trust, the rate it accumulates at is taxable as income to mostly the trust.

Hope it helps.

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.