Green Box Trust Firm has been providing clients personalized tax and accounting services throughout Canada since 2006. With our certified training and expansive financial knowledge, we are equipped to handle all of your accounting needs, no matter how complex. Whether you require assistance at the corporate or personal level, we are ready to serve as your tax planners and accounting advisors.
Trust
Trusts are recognized as one of the most flexible and versatile vehicles for holding and managing assets.
Trust Funds are often and quite wrongly associated only with the wealthy. In reality a trust fund can be an effective financial tool for lots of people in a huge number of scenarios.
What is a Trust?
A Trust is a device by which Trustees can hold property or assets of some kind for the benefit of a specific person, group of people or organization known as the beneficiary or beneficiaries. The person creating a Trust is called the grantor, donor or settlor.
When a Trust is established, an individual or corporate entity is designated to oversee or manage the assets in the Trust. This individual or entity is called a Trustee. A Trustee can be a professional with financial knowledge, or even a relative or loyal friend. It can also be a corporation.
There are pluses and minuses to each type of Trustee. An individual Trustee may provide a more personal touch. A corporate Trustee may be less personal but provides experience, investment skills, permanence and impartiality. More than one Trustee can be named by the grantor if he or she wishes.
The fact that Trusts have existed as a vehicle for many centuries is a testament to its flexibility and usefulness in all types of tax or succession planning. Today’s concept of Trusts is so flexible that they can be used, and are used, in a wide variety of ways and for many different purposes.
Testimonials
Just to let you know that my wife and I have now opened an account with Halifax and it was a painless affair. The account is all that I wanted from an account.
The Halifax is processing our Visa debit cards as well as our cheque books. We already have Internet banking and an automatic overdraft of $1000 that came as something of a surprise to ourselves.
Thank you for your help with this introduction and a job well done.
Kris Michaels
Received cheque book and card from the bank this morning.
Thank you, and your company, for the impeccable service, it was much appreciated.
Kind regards
Frankie Bolder
Dear Anne-Marie,
Firstly I would like to thank you for helping me obtain the Lloyds Business Bank Account. I now have a
Cheque book, Paying-in Book and Visa card. After the help I have received from you, I will be doing business
with you in the future.
Regards
Quinn Davis
would just like to say on behalf of all, thank you very much for your help for the company formation and banking
facilities which are up and running. I would also like to thank you for your professional approach and handling
from start to finish, and for your speedy completion of all. Many thanks once again.
James Bodowski
I was so impressed at the speed and quality of your service that I felt I had to write and congratulate you. I have
dealt with other company formation agents in the past and have invariably had bad experiences. As such I was a little
dubious about dealing with anyone else. I have to say your formation service was excellent, the company was formed
within a matter of days. Your staff were extremely helpful and knowledgeable and pointed me in the right direction.
In addition the package when received was very professional and the banking was arranged within the day. It is nice
to deal with such a professional firm.
Bob Black
Thank you for your help and assistance with the formation of my company. I am so pleased that I chose
to use your companies services. I will not hesitate to recommend your company to my friends and colleagues.
Please pass my comments onto the staff that handled my application.