Write For Us

How your tax returns could be affected by CRA's bare trust debacle

Sponsored Post Vitamin D2 Canada Persia
34 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
Many Canadians have already filed their taxes, but the Canada Revenue Agency (CRA) has now paused new reporting requirements for bare trusts, giving thousands an unnecessary bill.

It comes as the CRA tries to crack down on tax evasion and fraud, but experts say the bare trust requirement pause will not help.

Abigail Bimman explains what a bare trust is, why the CRA made the last-minute change, the fury from accountants and how it could affect your tax returns.

For more info, please go to https://globalnews.ca
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #CRA #Taxseason
Category
U.S. & Canada
Tags
global news, tax season, tax returns
Sign in or sign up to post comments.
Be the first to comment