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A key lesson learned from the bare trust tax reporting debacle

  • 1.  A key lesson learned from the bare trust tax reporting debacle

    Posted 11 days ago

    Using the tax system to try to find clarity for trusts was clearly not the right move, says CPA Canada's John Oakey.

    Now that the dust has settled on bare trust exemptions from new tax reporting rules for 2023, how can the Department of Finance achieve its policy objectives of combating international crime without casting a net so broad that it scoops up ordinary Canadians' joint bank accounts and other innocuous financial arrangements?

    Read the full article.



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    CPA Canada Administrator
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