Author: Tim Sherren
New – Bare Trust Filing Exemption
In a move to streamline the tax reporting process, the Canada Revenue Agency (CRA) has announced an exemption for bare trusts from the new trust reporting requirements for the 2023 tax year. This decision comes as a relief to many, as it recognizes the complexities and unintended consequences that these […]
Navigating the Underused Housing Tax (UHT) Filing Requirements
The Canadian government has proposed significant changes to the Underused Housing Tax Act (UHTA), which will likely exempt you from having a filing requirement, but the amendments have not passed into law yet. The UHT filing deadline is April 30 and it is fast approaching. We are presenting 3 options […]
