Trust Reporting

Commencing with December 31, 2023 year-ends, the types of trusts that must file T3 returns, including those where the trust acts as an agent for the beneficiary (referred to as bare trust arrangements), will increase significantly.  In addition, the information required to be disclosed is significantly broadened.  Please click below for CRA guide on this reporting -

New trust reporting requirements for T3 returns filed for tax years ending after December 30, 2023 - Canada.ca