Subsection 204(1)
Administrative Policy
Handbook on Securities Transactions, 94-110(E), pp. 15-18.
29 April 1994 T.I. 941109 (C.T.O. "Requirement of Custodians to File T3 Return")
A custodian appointed under a court order to have custody of the property of a member of a professional organization or a professional corporation for the purposes of managing, winding-up or selling the professional practice of the member or the professional corporation would be required to file T3 returns. "The provision is drafted broadly to cover all persons acting in a fiduciary capacity or a capacity analogous thereto."
15 February 1994 T.I. (C.T.O. "Bare Trusts")
Although RC considers the settlor/beneficiary of a bare trust to be the actual owner of the trust property for purposes of the Act, the fact that a trust nevertheless exists requires the filing of a T3 return in the circumstances explained in the T3 Guide.