The tax lawyers at Ethier Avocats have a proven track record for creating discretionary family trusts. This structure, developed by and for a given family and its members, helps corporate executives protect their personal assets and family wealth. Under a discretionary family trust, you can transfer ownership of key assets (investment portfolios, shares in a family-owned business, rental properties, principal residence, etc.) and allocate the resulting income to the beneficiaries indicated in the incorporating documents.

There are several benefits to a discretionary family trust:

  • It offers the possibility of distributing revenues to different beneficiaries, which can be advantageous from a taxation perspective;
  • It reduces taxes due upon death, as the deceased’s assets will have already been transferred to the trust;
  • la multiplication de l’exonération pour gain en capital, qui peut être fractionné entre les différents bénéficiaires, chacun pouvant encaisser jusqu’à 750 000 $ libres d’impôts;
  • It makes full use of the capital gains exemptions applicable to each beneficiary (up to $800,000 per person);
  • It shields personal assets held by the trust from business debts and liabilities;

Lastly, for company owners, discretionary family trusts can be a flexible and useful way to transfer assets to beneficiaries and provide them with a maximum of benefits and options.

The expertise of the team at Éthier Avocats can be extremely helpful when creating a discretionary trust to ensure compliance with certain rules and to develop a structure that will suit your needs and help you achieve your goals.

Ask your question

Nous sommes dignes de confiance

  • Experts formés à la maîtrise en fiscalité
  • Des conseils judicieux pour particuliers, entreprises et organismes de services publics (Villes et Municipalités)
  • Membre du Barreau du Québec et de l'Association des planificateurs fiscaux et financiers (APFF)