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Civil forfeiture office could look for assets in names of trustees, partnerships family members

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Advocate suggests EOT legislation, as proposed in the 2023 federal budget, will not lead to increased employee ownership

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Vancouver-based trust company manages $400 million in assets

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Bill C-32 delays enhanced reporting requirements for trusts, but would implement a new tax credit, the surtax on banks and insurers, and more

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Ability for both spouses to contribute independently opens up more possibilities

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Simple arrangements such as joint bank accounts could be caught

Parliament Hill in Ottawa - Ontario, Canada

The legislation also covered changes to RRSP and RRIF reporting, charity disbursements and more

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Clients may have bare trust arrangements without being aware of them

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Several proposals from Budget 2021 were also included in the draft legislation

tax inspector investigating financial documents

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