Soon 75% of Children's Trust tax levied on properties in a county CRA district could go to the county instead of the Children's Trust.

Canadians filing taxes will be impacted by new CRA rules for 'bare trusts'. Here's what that means A bare trust is an informal arrangement but it may still require a name, a number and a T3 Trust ...

The CRA's blanket relief for bare trusts for the 2024 tax year is consistent with the Proposed Amendments which, if enacted, would legislatively defer the reporting requirements for bare trusts ...

Taxpayers who have — or may have — bare trusts can breathe a sigh of relief. The Canada Revenue Agency (CRA) will not impose gross negligence penalties on taxpayers who fail to file a return for a ...

A last-minute decision to exempt new bare trust filing requirements led to “wasted time and effort,” according to a new report from the office of Taxpayers' Ombudsperson François Boileau.

But for those focused on steady income, especially income sheltered from the Canada Revenue Agency (CRA), real estate ...

A last-minute decision to pause “bare trust” reporting requirements left officials at Canada’s tax agency scrambling to inform the public about the changes, internal emails suggest.

A trust also needs a trust number. This number is similar to a social insurance number in that it helps the CRA identify the taxpayer—which in this case is the trust.

There are a few ways to get a trust account number – fill out and mail a T3APP Application for Trust Account Number or use the CRA’s My Account portal.

Taxpayers who have — or may have — bare trusts can breathe a sigh of relief. The Canada Revenue Agency (CRA) will not impose gross negligence penalties on taxpayers who fail to file a return for a ...

A last-minute decision to exempt new bare trust filing requirements led to “wasted time and effort,” according to a new report from the office of Taxpayers' Ombudsperson François Boileau.