Alter ego trust

An alter ego trust is a trust created after 1999 whose settlor is an individual aged 65 or over. The individual has the exclusive right to receive all income from the trust. No other person, during the individual's lifetime, may receive or otherwise obtain the use of any part of the trust's income or capital.

Certain rollover rules or income attribution rules may apply.

For further information, refer to the Guide to Filing the Trust Income Tax Return (TP-646.G-V).