The Tender For Law

Volume 4

Oct 09, 2013 6:54 AM

Beverly Berta Braakschmack

So Scott, you said to set things up as these "countries" have set things up. Then I would understand that CANADA is the corporation that HOLDS ASSETS and does not operate in commerce? The gov't is a TRUST which handles commerce on behalf of CANADA?

Then all corporations / persons registered within that TRUST are PROPERTY of that TRUST and all commerce done therein are interest of this TRUST?

I am trying to figure out which entity acts in commerce on behalf of all. It is my understanding that an entity that HOLDS assets should not be involved in commerce at all.

My question being, do I have it all backwards? Would not the registered entity be the one involved in commerce and the TRUST does not?

Read Comments

August le Blanc

What corporation does not act in commerce? Beverly Girl-Brain Braaksma That is the whole purpose. Why cannot a holding corp or a corp that is trust property do business? It follows its bylaws... Canada's are ACTs and Statutes.. The corp is the Trusts Agent in commerce.

Beverly Berta Braakschmack

A Trust is a legal entity that is structured in a way that it can legally take advantage of passthrough accounting. The proceeds pass through to its Beneficiaries. A Trust is the business of increasing assets. This is how the gov't doesn't pay taxes?

Chris Evan

Beverly, in Canada do you have an option for a corporation that has "pass through" taxation? Here in the States, when a corp is registered, it defaults to a C-Corp (which gets taxed then distributes the profits to the shareholders who are taxed) or we can elect to be an S-corp (the profit is distributed to the shareholders then it is taxed). Its seems that S-corp status would be the way to go for us as any tax that is levied could be discharged through the Person in Trust. What do you think? Does this even exist in Canada?