http://laws-lois.justice.gc.ca/eng/acts ... lText.htmlCanadian Ownership and Control Determination Act
R.S.C., 1985, c. C-20
An Act respecting Canadian ownership and control determination
Trust property
(3) For greater certainty, for the purposes of this Act, a separate trust exists with respect to all assets, investments or property held by a trustee under a trust instrument for the benefit of a person, group or class of persons, notwithstanding that under the same trust instrument different assets, investments or property are held for the benefit of a different person, group or class of persons.
“control status” means, with respect to a person, whether or not the person is Canadian controlled as determined under this Act and the regulations;
“person” means an individual, a corporation, a partnership, a trust, a government, an agency of government, a segregated fund within the meaning of the regulations and an organization that is prescribed as being a person or that falls into a class of organizations prescribed as being persons;