Trusts – Investment Executive https://www.investmentexecutive.com Canada's news source for financial professionals Wed, 24 Apr 2024 16:49:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png Trusts – Investment Executive https://www.investmentexecutive.com 32 32 Tribunal asked to pause OSC’s Bridging case https://www.investmentexecutive.com/news/from-the-regulators/tribunal-asked-to-pause-oscs-bridging-case/ Wed, 24 Apr 2024 16:49:00 +0000 https://www.investmentexecutive.com/?p=484673 Lawyers for firm's founder seek adjournment amid unpaid legal bills

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]]> Bare trusts still must file an underused housing tax return https://www.investmentexecutive.com/news/industry-news/bare-trusts-still-must-file-an-underused-housing-tax-return/ Fri, 19 Apr 2024 21:00:51 +0000 https://www.investmentexecutive.com/?p=484443 April 30 deadline looms for 2022 and 2023 UHT returns 

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]]> What clients need to know about employee ownership trusts https://www.investmentexecutive.com/news/industry-news/what-clients-need-to-know-about-employee-ownership-trusts/ Fri, 05 Apr 2024 20:24:23 +0000 https://www.investmentexecutive.com/?p=483124 Business owners should compare EOTs with other exit options

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]]> Bare trust debacle makes fools of the law-abiding https://www.investmentexecutive.com/insight/editorials/bare-trust-debacle-makes-fools-of-the-law-abiding/ Fri, 29 Mar 2024 16:38:01 +0000 https://www.investmentexecutive.com/?p=482977 Editorial: Last-minute policy reversals undermine an already fragile trust between tax authorities and the public

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]]> CRA exempts bare trusts from reporting requirements for 2023 https://www.investmentexecutive.com/news/industry-news/cra-exempts-bare-trusts-from-reporting-requirements-for-2023/ Thu, 28 Mar 2024 19:11:09 +0000 https://www.investmentexecutive.com/?p=482934 Filing is required only if directly requested by the Canada Revenue Agency

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]]> CRA extends relief for bare trust returns as filing deadline looms https://www.investmentexecutive.com/news/industry-news/cra-extends-relief-for-bare-trust-returns-as-filing-deadline-looms/ Wed, 13 Mar 2024 19:42:42 +0000 https://www.investmentexecutive.com/?p=482066 Agency says it won’t apply gross negligence penalties for non-filing of 2023 bare trust returns except in “egregious cases”

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]]> Facing high probate tax, Nova Scotians can’t use dual wills to escape https://www.investmentexecutive.com/newspaper_/comment-insight/facing-high-probate-tax-nova-scotians-cant-use-dual-wills-to-escape/ Mon, 11 Dec 2023 05:07:00 +0000 https://www.investmentexecutive.com/?p=476583 Province tops Canada with 1.7% probate tax on the value of an estate

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]]> Expanded trust reporting arrives with temporary relief for bare trusts https://www.investmentexecutive.com/newspaper_/expanded-trust-reporting-arrives-with-temporary-relief-for-bare-trusts/ Fri, 01 Dec 2023 21:39:42 +0000 https://www.investmentexecutive.com/?p=476443 Clients should be prepared for new obligations

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]]> New alternative minimum tax regime to raise $2.6B: PBO https://www.investmentexecutive.com/news/industry-news/new-alternative-minimum-tax-regime-to-raise-2-6b-pbo/ Fri, 08 Sep 2023 20:08:04 +0000 https://www.investmentexecutive.com/?p=471220 Canadians making above $300,000 to contribute 98% of total AMT

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]]> CRA says trustees must report on contingent beneficiaries too https://www.investmentexecutive.com/news/industry-news/cra-says-trustees-must-report-on-contingent-beneficiaries-too/ Thu, 22 Jun 2023 13:06:47 +0000 https://www.investmentexecutive.com/?p=467739 Agency requires names, addresses and taxpayer information numbers under expanded trust reporting rules

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