Canada Revenue Agency’s 2023 bare trust filing requirements

eAwazLocal News

OTTAWA  – The Taxpayers’ Ombudsperson, François Boileau, has formally opened a systemic examination into whether the Canada Revenue Agency (CRA) respected taxpayers’ rights in its administration of bare trust filing requirements for the 2023 tax year. The Government introduced new reporting requirements for trusts. For most trust types, including bare trusts, the deadline to file a T3 Return and Schedule 15 …