Accountants and their clients may have spent almost $1-billion trying to comply with controversial new reporting rules for bare trusts before the Canada…
The Canada Revenue Agency announced Thursday it will not require bare trust reporting from Canadians that it introduced for the 2024 tax season, just four days before the April 2 deadline.
Some tax changes this year are increasing costs for Canadians, including one that a tax specialist says could be the last winter storm of the season that really turns things upside down.