Update: Are you ready for the new trust reporting rules?

Further to our previous blog post on January 13, 2022, the Canada Revenue Agency has now clarified that the new trust reporting and filing requirements will not apply to the December 31, 2021 trust returns because the legislation has not received royal assent and is still pending.

The new rules will come into effect when the legislation receives royal accent and officially becomes law.

Please contact your Fruitman Kates advisor if you have any questions.