On March 28, 2024, the Canada Revenue Agency announced that it will no longer require bare trusts to file a T3 trust return, including Schedule 15 (Beneficial Ownership Information of a Trust), for the 2023 tax year, unless the CRA makes a direct request.
For more information the team here at McGovern Hurley LLP is always happy to help.
John Mendis, Tax Advisory and Compliance Partner, jmendis@mcgovernhurley.com
Greg Furyk, Business Advisory and Compliance Partner, gfuryk@mcgovernhurley.com
