Reporting Requirements for Trusts
For trust returns that are required to be filed for the 2021 and subsequent taxation years, Budget 2018 proposes that certain trusts provide additional beneficial ownership information on an annual basis. As a result, these trusts will be required to file an annual T3 return even where one is not currently required.
Original Article Source Credits: Government of Canada , https://www.canada.ca/
Article Written By: N/A
Original Article Posted on: 2021-05-12
Link to Original Article: https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/budget-2018-equality-growth-strong-middle-class/reporting-requirements-trusts.html