The wording of paragraph (a) when read together with section 20, makes the trust discretionary.

such individual is a trustee of a discretionary or charitable trust, a beneficiary in a specified trust, or author or settlor in a revocable trust, where such trust, in turn, is a member of the relevant company;

The Canada-US Tax Treaty considers these accounts to be foreign Grantor Trusts.

The shareholders of Opco are Parent A and Family Trust, a discretionary trust for the benefit of Parent B, Child 1 and Child 2 and their respective children.

The shareholders of Opco are Parent A and Family Trust, a discretionary trust for the benefit of Parent B, Child 1 and Child 2 and their respective children.

In terms of taxes, a discretionary trust is heavily taxed in France, even if the beneficiaries are the children.

Her grandfather, a wealthy man in Hong Kong, has established a discretionary trust for the benefit of his grandchildren. . . .

A discretionary trust may not get your child a first mortgage, but it does get your child a home.

the transfer of a family business to a family member, or an intergenerational transfer (often through an estate freeze, a discretionary trust, a will or a unanimous shareholder agreement);

the transfer of a family business to a family member, or an intergenerational transfer (often through an estate freeze, a discretionary trust, a will or a unanimous shareholder agreement);

The only other shareholder of Opco is a discretionary trust for the benefit of their children, all of whom are under age 17.

The business proposal may involve a complex structure, including the use of nominees, bearer shares and possibly a discretionary trust in yet another jurisdiction.

The only other shareholder of Opco is a discretionary trust for the benefit of their children, all of whom are under age 17.

during the lifetime of the disabled person, there must be no interest in possession in the settled property (that is, it must be a discretionary trust); and

the transfer of a family business to a family member, or an intergenerational transfer (often through an estate freeze, a discretionary trust, a will or a unanimous shareholder agreement);