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To complete a Declaration of Trust Transaction in DOL, begin by hovering over the Create tab and selecting the transaction type. Enter the details of the trust, including the type (Discretionary, Fixed, or Unit), noting that Hybrid and Bare Trust transactions use the SRO Duty Determination process. After selecting the trust type, enter the trust’s name and execution date. Next, add trustee details by selecting "Add a new trustee" and providing their address. Optionally, add comments. Click on estimate to review the entered information and the duty payable. Acknowledge the duty amount, then select a payment method (EFT, Bpay, or Cheque) and click Commit to Pay.
