Kelly is a single mother and lives with her 6-year-old daughter. Kelly wants to formally setup a trust for her daughter and transfer cash and her investments in dividend paying Canadian marketable securities to it for the benefit of her daughter. The terms of the trust are as follows:Income will accrue annually to the benefit of the daughter. However, no income will be distributed until the daughter reaches 21 years of age. When the daughter 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 Kelly will be setting up for her daughter? Provide explanation to support your answer. b) Explain the overall tax treatment of the trust that Kelly is setting up and any planning opportunities are available to the trustee that Kelly should consider?