New Trust Reporting Rules
Trusts are ubiquitous in Canadian Business and life. In 2023 all trusts (including bare trusts) must file T3 returns unless specifically exempted. With narrow exemptions and stiff penalties knowing the filing requirements and how to spot a potential trust are key tools in mitigating the risk of missing a filing. We will cover this and more.
Erin Swint, CPA, CA. is a Canadian Tax Specialist focusing on the needs of owner managers, their families and their advisors.
In addition to her practice, Erin is actively involved in her profession through the Canadian Tax Foundation by writing for and presenting at annual conferences. She is locally involved with the Fraser Valley CPA Association, Fraser Valley Tax Technical Group and the Abbotsford Estate Planning Council.