Bifalgorithm post · Fuscalite · CRA expands its FAQ webpage on bare trust reporting
Filing Exemptions
Filing Exemptions (Fuscalite · CRA expands its FAQ webpage on bare trust reporting) — "CRA confirmed that its previous exemptions from the filing requirements…
Ideas in this flowchart
- CRA confirmed that previous filing exemptions for certain bare trusts no longer apply
- The subject is the filing requirements for bare trusts
- The affected bare trusts had previously received exemptions from those filing requirements
- The affected exemptions were not statutory exemptions
- Those previous exemptions no longer apply
- The change applies to taxation years ending on or after December 31
