Trust Filing Rules Archives

Tax Chaos Exposed: No Bare Trust Filings for 2023 and How Last-Minute Policy Flip-Flops Are Costing Canadian Businesses Big-Time

March 28, 2024
Nizam Shajani, Partner, LLM, CPA, CA, TEP, MBA
Accounting, Trusts

In an all-too-familiar pattern of last-minute policy reversals under the current administration, the Canada Revenue Agency (CRA) has once again demonstrated a troubling trend of indecision and lack of clarity in administering the Department of Finance's tax policies. This is…

Tax in the News: Navigating the Quagmire of CRA’s New Trust Filing Rules

March 12, 2024
Nizam Shajani, Partner, LLM, CPA, CA, TEP, MBA
Accounting, CRA

The recent rollout of new tax-filing requirements by the Canada Revenue Agency (CRA) underscores a classic case of good intentions paved with bureaucratic inefficiency. Aimed at curtailing tax evasion and money laundering, the CRA has broadened its reach, ensnaring everyday…

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