It's a point of clarification.
I think that interpretation is wrong. I can see that on section 404.5, but when you go to section 404.6, it says:
404.6.(1) Every candidate or member shall disclose to the Chief Electoral Officer every trust known to the candidate or member from which he or she could, currently or in the future, either directly or indirectly, derive a benefit or income.
That does not refer to a trust set up by reason of their being a candidate.
When we read on, it says that if it's legally possible the trust should be terminated. So to me, that contemplates the scenario raised by the expert that a friend has died and in the will a trust has been left to you. If you want to be a candidate, that trust has to be terminated. That's a pretty big hoop to jump through if you want to be a candidate. It's every trust, not just political ones.