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Canada: CRA Announces Bare Trusts Are Exempt From Trust Reporting Requirements For 2023 - Aird & Berlis LLP
Credit: Mondaq- Published on April 4, 2024
On March 28, 2024 (the last business day prior to the April 2nd trust reporting deadline), the Canada Revenue Agency ("CRA") announced that the CRA will not require bare trusts...
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Canadian income-tax law generally ignores a bare trustee, which means that the bare trustee need not report income generated by the trust property.
on April 18, 2024 • Mondaq