u/Human_Lettuce

We recently learned that a now deceased relative in Brazil had set up a private pension fund (PGBL) in Brazil for our minor child, who is (and has only ever been) a tax resident of Canada. Contributions were made to the account over several years and, to our knowledge, the account has always been solely in our child's name.

How is such an account to be taxed in Canada? In Brazil, it is only taxed at withdrawal - at which time the full amount of the withdrawal is subject to withholding tax.

Would the same be true in Canada?