Philip Ward

Philip Ward

Bennett Jones LLP

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2024 Taxation Year Reporting Exemption for Bare Trusts

On October 29, 2024, the Canada Revenue Agency (CRA) announced that bare trusts are once again exempt from filing the T3 Income Tax and Information Return (including Schedule 15 regarding beneficial ownership information of a...more

11/27/2024  /  Beneficial Owner , Canada , Canada Revenue Agency (CRA) , Department of Finance , Income Tax Act , Proposed Legislation , Tax Planning , Tax Reform , Trusts
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