Document background
Trust Meeting Minutes are essential documents in Canadian trust administration that record the formal proceedings of trustee meetings. They serve as the official record of decisions, discussions, and actions taken by trustees in their fiduciary capacity. These minutes are required for both legal compliance and good governance, documenting how trustees fulfill their duties under Canadian federal and provincial trust laws. The document typically includes details of trust administration, investment decisions, distributions to beneficiaries, and compliance matters. Trust Meeting Minutes are particularly important in the context of audit trails, regulatory compliance, and potential litigation, providing evidence that trustees have acted prudently and in accordance with their obligations. They must be maintained as part of the trust's permanent records and may be subject to review by courts, tax authorities, or beneficiaries.
