Posts from December 2023.
Posted in Tax

For tax years ending on or after December 31, 2023, most bare trusts will be required to file a T3 trust income tax return, regardless of the absence of any income to report, and may also be required to disclose information about the beneficiaries of the bare trust (referred to as a Schedule 15 disclosure).

A “bare trust” is not technically a legal term but is a commonly used ...


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