Tax

Taxpayers’ Ombud to examine CRA’s bare trust administration Taxpayers’ Ombud to examine CRA’s bare trust administration

Tax News

Taxpayers’ Ombud to examine CRA’s bare trust administration

Agency received more than 52,000 bare trust returns for 2023, despite issuing last-minute filing exemption

By Rudy Mezzetta |July 10, 2024

4 min read

Liberal tax promise tracker, post–capital gains edition Liberal tax promise tracker, post–capital gains edition

Tax News

Liberal tax promise tracker, post–capital gains edition

A look at the status of major tax proposals from the Trudeau government

By Melissa Shin |July 9, 2024

5 min read

How should trusts flow capital gains to beneficiaries in 2024? How should trusts flow capital gains to beneficiaries in 2024?

Tax News

How should trusts flow capital gains to beneficiaries in 2024?

Trusts must disclose pre- and post-June 25 gains or face negative tax consequences

By Rudy Mezzetta |July 5, 2024

3 min read

Tax advisors on high alert as revamped GAAR takes effect Tax advisors on high alert as revamped GAAR takes effect

Tax News

Tax advisors on high alert as revamped GAAR takes effect

The revised anti-avoidance rules represent a shift in the CRA’s approach

By Michael McKiernan |July 3, 2024

4 min read