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Hi Bob The trust does not pay tax at all unless you do not distribute income. So, if you have the above situation, the trust will pay no tax and neither will you wife or children if they have no other income. If the distribution is by book entry and not by cheque, then the trust has no...

Hi Bob Yes and no. The trust uses it's disposal cashflow to repay the loans, however, the principle part of the repayment is not a tax deduction I am afraid. Bummer, huh? Have fun and thank you for your kind words Dale

Hi Bob Under the current laws, yes, the principle repayments are tax free to you as your loan is being repaid. Have fun Dale