OTTAWA, ON, Oct. 29, 2024 /CNW/ - The Canada Revenue Agency (CRA) will not require bare trusts to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership ...

On October 29, 2024, the Canada Revenue Agency (CRA) announced that bare trusts are once again exempt from filing the T3 Income Tax and Information Return (including Schedule 15 regarding beneficial ...

OTTAWA, ON, March 3, 2025 /CNW/ - For the 2024 tax year, the Canada Revenue Agency (CRA) will continue to administer the enhanced trust reporting rules as enacted for tax years ending on or after ...

OTTAWA, ON, March 5, 2026 /CNW/ - The Government of Canada has proposed changes to the trust reporting requirements for the 2025 taxation year. These proposed changes are included in Bill C-15, An Act ...

Canadians struggling with a new requirement to file a tax return for a trust this year are in for another unpleasant surprise: They’ll likely have to wait just under four months to hear back from the ...

The new year holds new tax-reporting obligations for trusts that will likely result in paperwork and significant costs for many Canadians, some of whom may not even know they are part of a trust, ...