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TYPE OF TRUST,INCOME TAX RATES,CAPITAL GAINS TAX INCLUSION RATE
Normal Trust,45%,80%
Special Trust,Same as those applicable to natural persons except that the rebates and interest exemptions do not apply.,40%
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Note: A special trust is a trust created solely for the benefit of someone who suffers from a disability that prevents such person from earning sufficient income from their maintenance or from managing their own financial affairs. A special trust can also be created by way of a testamentary trust whereby relatives of the testator who are alive on the date of death are the beneficiaries. In order to qualify as a special trust, the youngest of the beneficiaries must, on the last day of the year of assessment of that trust, be under the age of 18 years.