This is the worst of the worse of the bastions and relics of English law still existing. So some knowledge of equity is required. We have tried to simplify the law of trusts in Canada throughout these pages. Sadly, though, there is no reason for the rules to be as complex as they now are. Equity should have been give a Christian burial decades ago and replaced by codification.
Equity is a roguish thing.
Equity is according to conscience of him that is Chancellor, and as that is larger or narrower, so is Equity. H. W. Challis, A Song of the Uses. Trust law in Canada should not only be codified but also uniform throughout the land. Uniform because there is no valid reason why the law of trusts must be so different from one province to another. But codified or uniform it ain't.