McMurtry Investment Report & Model Portfolios

CRA’s New Reporting Requirement for Bare Trusts- Reporting Deadline is the end of March

CRA is implementing new trust reporting requirements for T3 returns for Bare Trusts.

The reporting deadline is the end of March and there are severe penalties for not reporting.

CRA is being intentionally confusing about who has to report.

My recommendation is to check with your accountant and to review CRA’s new reporting requirements for Bare Trusts.

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