Trusts

Bare trust debacle began with burdensome legislation: Taypayers’ Ombudsperson Bare trust debacle began with burdensome legislation: Taypayers’ Ombudsperson

Tax News

Bare trust debacle began with burdensome legislation: Taypayers’ Ombudsperson

Report outlines CRA communication failures that resulted in wasted time, effort, from taxpayers

By Michelle Schriver |March 12, 2025

8 min read

New alternative minimum tax regime to raise $2.6B: PBO New alternative minimum tax regime to raise $2.6B: PBO

Tax News

New alternative minimum tax regime to raise $2.6B: PBO

Canadians making above $300,000 to contribute 98% of total AMT

By Rudy Mezzetta |September 8, 2023

3 min read

CRA releases new form for reporting beneficial ownership of trusts CRA releases new form for reporting beneficial ownership of trusts

Estate Planning

CRA releases new form for reporting beneficial ownership of trusts

Trustees must use Schedule 15 to report names, addresses and tax information numbers for beneficiaries

By Rudy Mezzetta |June 30, 2023

3 min read

CRA says trustees must report on contingent beneficiaries too Fallback Image Decorative pattern

Estate Planning

CRA says trustees must report on contingent beneficiaries too

Agency requires names, addresses and taxpayer information numbers under expanded trust reporting rules

By Rudy Mezzetta |June 22, 2023

3 min read