CRA saw thousands of bare trust tax forms filed despite last-minute pause

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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 https://globalnews.ca/news/10556595/canada-bare-trust-tax-return-numbers-filed-cra/
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Category
News and politics
Tags
global news, bare trust, tax season

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