"S. 150(1.31)(d) “provides an exception for circumstances where a partner holds property for the use or benefit of the partnership” – with no further CRA discussion, e.g., whether this exemption is available where the partners have relied on the published administrative guidance exempting them from filing T5013 returns, but without receiving a specific waiver.\n\nCRA confirmed that its previous exemptions from the filing requirements for bare trusts which were not statutorily exempted from those filing requirements no longer apply for taxation years ending on or after December 31,\n\nIn response to a question about whether a reportable bare trust is required to include all the information requested in a T3 return when it is obligated to file that return, CRA stated:\n\nLook for the (✓) symbol to identify specific lines and fields within the T3 return that require completion for a reportable bare trust for taxation years ending on or after December 31,\n\nFor reportable bare trusts, the remaining parts of the T3 return can be left blank. All income, capital gains and capital losses from the trust property should be reported on the beneficial owner’s tax return.\n\nNeal Armstrong. Summaries of CRA Webpage, Enhanced reporting rules for trusts and bare trusts: Frequently asked questions, updated on 5 October 2026 include those under s. 150(1.2) and s. 150(1.31)(a), s. 150(1.31)(b), s. 150(1.31)(c) and s. 150(1.31)(d).\n\n8 October 2026 - 11:38pm"