The Canada Revenue Agency (CRA) received thousands of bare trust tax forms filed by Canadians between January and mid-April of this year, despite the CRA pushing pause on its April 2 deadline at the last minute.
The initial confusion when the reporting requirement was announced left many scrambling to file, but the sudden change at the end of March left even more in the lurch as some were in the process of filing. According to National Revenue Minister Marie-Claude Bibeau, a total of 44,034 tax returns were filed by April 16.
As Global’s Sean Previl reports, with the rules set to be applied next year advocates and accountants want changes before more confusion ensues yet again.
For more info, please go to
Subscribe to Global News Channel HERE:
Like Global News on Facebook HERE:
Follow Global News on X HERE:
Follow Global News on Instagram HERE:
#GlobalNews
FJT
We need a huge overhaul of the tax code and spending limitations for all government agencies.
Canada Revenue should consider less than 99.99 thousand annual income (no tax). Subject to higher costs of living.
I wasted $1000 with the last minute pause. Waste of money I'll never get back.