Keeping Up with Trust Reporting

Keeping Up with Trust Reporting

New 2021 Trust Reporting Rules to the CRA There are new tax return filing and information reporting requirements for trusts effective for taxation years ending on/after December 31, 2021. Changes include: Requiring a T3 to be filed for certain trusts even if they did not have to before, Requiring reporting of personal information including names […]

Canada’s COVID-19 Economic Response Plan

Read the follow-up article to this for the most up-to-date information: COVID-19: Economic Response Plan – Legislative Update On March 18, 2020, Prime Minister Trudeau announced Canada’s COVID-19 Economic Response Plan.  The plan includes some proposed tax and non-tax measures aimed at relieving economic hardship during the COVID-19 pandemic. Note:  None of the proposed measures […]