Your concerns are being aired with the Department of Finance as CPA Canada pushes for legislative amendments.
CPA Canada is advocating directly with the Department of Finance to continue its work on simplifying trust reporting across Canada. In a letter co-authored with the Canadian Bar Association, CPA Canada has identified several potential improvements to the existing trust rules to help minimize the compliance burden on taxpayers and CPAs. The Joint Committee established a working group to study the situation and provided two additional submissions to Department of Finance.
Read the full article.