The applicant First Nation challenged the passing of accounts for a community trust created to manage settlement funds, raising objections regarding real estate purchases, administrative expenses, accounting practices, record‑keeping, and trustee compensation.
The court reviewed the governing trust agreement and the statutory framework under the Trustees Act and Estates Act.
It held that trustees are judged by a good‑faith standard equivalent to that of an ordinarily prudent person managing their own affairs and that objections to a passing of accounts must be specific enough to permit meaningful response.
The court found the objections vague or unsupported, and noted the applicant did not allege fraud or seek repayment of funds.
The trustees were found to have acted in good faith and the accounts were passed in full.
