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Canny View: Did you jump the gun with trustee tax rate?

When it was revealed the tax rate on trustee income would be increased from 33 per cent to 39 per cent from April 1, 2024, there were understandably a few. ....

Nicola Willis , Nick Stewart , Finance Minister ,

Bare trusts exempt from new reporting rules for 2023, CRA says

The move comes after recent legal amendments meant to increase transparency around trusts caused an uproar among both many affected taxpayers and tax professionals ....

Canada Revenue Agency , Income Tax , Log Increate Free , Information Return , Personal Finance , Bare Trusts ,