| March 2021 | Trust reporting – lawyers beware John F. Oakey, CPA, CA, TEP, is national director of Tax Services at Baker Tilly Canada | On July 27, 2018, the Department of Finance proposed changes to the Income Tax Act to require trusts to file T3 Trust Income Tax and Information Returns to provide prescribed information, applying to non-excepted trusts having taxation years ending after December 30, 2021. |
| | Baker Tilly Ottawa LLP 400-301 Moodie Drive Ottawa, ON K2H 9C4 Canada [email protected] www.bakertilly.ca |
| This email is sent by Baker Tilly Ottawa LLP, formerly Collins Barrow Ottawa LLP. 400-301 Moodie Drive, Ottawa, ON, K2H 9C4, Canada. Baker Tilly Canada periodically publishes Tax Alert for its clients and associates. It is designed to highlight and summarize the continually changing tax and business scene across Canada. While Tax Alert may suggest general planning ideas, we recommend professional advice always be sought before taking specific planning steps. |
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