Bare trusts: What are they and who has to report?
Tax AlertBare trust returns remain required for the 2026 tax year and onward. Review arrangements early to identify if you have a bare trust and avoid potential CRA penalties.

Many businesses have managed to keep their business going through pandemic, but need to refocus to stay competitive and increase profitability. What changes should you consider? Should you focus on driving revenue, reducing costs, or increasing efficiency?
Join Tara Benham, Partner, National Tax Leader and Ashu Avasthi, Senior Manager, Head of Digital Transformation to learn how you can utilize financial analysis and forecasting and tech transformation strategies to restore profitability in your business.
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Bare trust returns remain required for the 2026 tax year and onward. Review arrangements early to identify if you have a bare trust and avoid potential CRA penalties.
Effective Oct. 1, 2026, businesses providing or purchasing certain professional services in BC must manage 7% PST and new compliance rules.
Canada proposes implementing immediate expensing of investments in most types of capital assets for businesses in Canada.
Prime Minister Mark Carney announces support for Canada’s lumber industry citing heavy reliance on US exports and vulnerability to trade policies.
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