Anita is a single mother and lives with Justin, her 5-year-old Son. Anita is in the process of formally setting up a trust for her son. In this regard, Anita is planning to transfer significant amount of cash and her investments in dividend paying Canadian marketable securities to it for the benefit of her son. The terms of the trust are as follows:

Income will accrue annually to the benefit of the son. However, no income will be distributed until the son reaches 21 years of age. When the son reaches the age of 30, all of the trusts capital will be distributed and the trust will cease. It is expected that the trust will be earning interests, dividends, and capital gains.

Required: a) Provide the type of trust Anita will be setting up for her son? Provide explanation to support your answer. b) Explain the overall tax treatment of the trust that Anita is setting up and any planning opportunities are available to the trustee that Anita should consider? (You are not required to speak to the tax implications for Anita)