This course thoroughly explores issues relating to private trusts and describes those applicable to public trusts. It explains the nature of a trust and the differences between types of trust. It critically examines the taxation of income of a trust. Thereafter it considers taxation of capital gains derived in the context of trusts, and the potential application of the special and general anti-avoidance provisions to trusts where they are used for purposes of income-splitting or income-diversion. Finally, there is discussion of the reforms to the taxation of trusts and their implications.