Canada's New 'Bare Trust' Reporting Rules Are Here

Описание: ➡️Clearline CPA: https://www.clearlinecpa.ca/
➡️Additional Info: https://www.canada.ca/en/revenue-agen...
➡️Temporary Relief: https://www.advisor.ca/tax/estate-pla...

In this video we have Shane Schepens on from Clearline CPA to discuss bare trusts, and the new reporting rules that CRA has put in place for the 2023 tax year.

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TIMESTAMPS
0:00 - Intro
0:23 - What Is A Bare Trust?
1:32 - Common Personal Scenarios
3:50 - Common Business Scenarios
5:50 - Scenarios That Don't Apply
9:04 - Penalties For Failure To Report
10:08 - Shane's Personal Scenario

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DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes.

The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content.

https://www.canada.ca/en/revenue-agen...