An arrangement where the trustee holds legal title only, with no discretion.
In Islamic law
Where a parent adds one child to title, the question of whether it was a gift or a bare trust determines whether the asset is divided among all heirs.
In Canadian law
Often arises where a parent adds a child to title for convenience. Recent CRA reporting rules have made these far more visible.
We have not yet researched whether the four Sunni schools differ on this term, so we are not going to tell you either way. Where a specific case turns on it, ask a qualified scholar rather than relying on a general summary.
Canadian legal detail
Treadstone Law, an Ontario firm with a wills and estates practice, covers the Canadian side of this in more depth:
- Bare trust ontario new reporting rules cra
- Bare trust reporting ontario individuals
- What is a bare trust ontario
This is legal information only. For advice on your own circumstances, speak to a lawyer.
Citations & sources
Every factual claim on this page traces to a source below. Details change — check the original source before relying on any figure, fee or legal position. Anything under “further reading” is related material, not a source for what is stated here.
- T3 Trust Guide — Canada Revenue Agency
- Bare trust ontario new reporting rules cra — Treadstone Law
- Bare trust reporting ontario individuals — Treadstone Law
- What is a bare trust ontario — Treadstone Law
- Trust reporting rules disclose beneficiaries — Treadstone Law
- Wills & estates practice — Treadstone Law