Exceptional solutions. Your needs are as unique as you.

Close this search box.

Expanded trust reporting requirements announced four years ago were set to be effective, but feds still haven’t passed legislation to enable them

In an update released today, the CRA confirmed it will administer trust tax filings under existing rules — the less intensive reporting requirements — until legislation supporting the new rules receives royal assent.

Despite the new guidance, “trustees should still be prepared for the new rules when they are enacted,” Roth said.