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Applicability of Trust Law Principles to Pension Plans
A recent Supreme Court of Canada case has determined that not all trust law principles should be applied to modern day pension plans that are funded through a trust. The old common law rule in Saunders v. Vautier will not normally apply to pension trusts.
Canada
10 Aug 2006
2
2004 Ontario Budget: Limited Liability Legislation for Income Funds
The 2004 Ontario budget, announced today, confirms that the Ontario government will propose technical legislation to clarify that investors in publicly traded trusts will not be liable for the activities of the trust. This is consistent with the announcement included as part of the 2003 Ontario Economic Outlook and Fiscal Review released on December 17, 2003 by Finance Minister Greg Sorbara
Canada
18 May 2004
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