Editorial: Last-minute policy reversals undermine an already fragile trust between tax authorities and the public
Filing is required only if directly requested by the Canada Revenue Agency
Agency says it won’t apply gross negligence penalties for non-filing of 2023 bare trust returns except in “egregious cases”
Province tops Canada with 1.7% probate tax on the value of an estate
Clients should be prepared for new obligations
Canadians making above $300,000 to contribute 98% of total AMT
Agency requires names, addresses and taxpayer information numbers under expanded trust reporting rules
Civil forfeiture office could look for assets in names of trustees, partnerships family members
Advocate suggests EOT legislation, as proposed in the 2023 federal budget, will not lead to increased employee ownership
Vancouver-based trust company manages $400 million in assets