The T2 Schedule 22 to report an interest in a non-resident discretionary trust has been updated to remove the reference to subsection 94(1) of the Income Tax Act. No other changes were made to the form.
This schedule is required to be filled out when
– a corporation
– a controlled foreign affiliate of the corporation, or
– any other corporation or trust that did not deal at arm’s length with the corporation
held a beneficial interest in a discretionary non-resident trust at any time during the tax year.