{"Term":"Non-active trust and estates","Definition":"\u003cp\u003eFrom 1 April 2022 onwards, your trust or estate may be non-active if for the tax year, it has:\u003c/p\u003e\n\u003cul\u003e\n    \u003cli\u003ereportable income of $1,000 or less\u003c/li\u003e\n    \u003cli\u003enot been involved in any transactions that give income to an associated person, business or other entity\u003c/li\u003e\n    \u003cli\u003ecosts and payments that do not affect its non-active status\u003c/li\u003e\n    \u003cli\u003ereasonable fees for administering it\u003c/li\u003e\n    \u003cli\u003ebank charges or minimal administrative costs that are $1,500 or less for the year\u003c/li\u003e\n    \u003cli\u003einsurance, rates, interest, and other costs related to living in a house owned by the trust and incurred by the beneficiaries of the trust. \u0026nbsp;\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch3\u003eTestamentary trust\u0026nbsp;\u003c/h3\u003e\n\u003cp\u003eFrom 1 April 2022 onwards, your testamentary trust may be non-active if for the tax year it has:\u003c/p\u003e\n\u003cul\u003e\n    \u003cli\u003ereportable income of $5,000 or less\u0026nbsp;\u003c/li\u003e\n    \u003cli\u003enon-reportable income of up to $1,000 with deductions that would reduce the net income to below $200.\u003c/li\u003e\n\u003c/ul\u003e\n\u003ch3\u003eBefore\u0026nbsp;the 2022 tax year\u003c/h3\u003e\n\u003cp\u003eYour trust or estate may have been non-active if for the tax year:\u003c/p\u003e\n\u003cul\u003e\n    \u003cli\u003eit had no income other than $200 or less of bank interest\u003c/li\u003e\n    \u003cli\u003ehad no deductions.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eIf your trust or estate is non-active, tell us so you do not need to file an income tax return.\u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}