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How your tax returns could be affected by CRAs bare trust debacle
Many Canadians have already filed their taxes, but the Canada Revenue Agency (CRA) has now paused new reporting requirements for bare trusts, giving thousands an unnecessary bill. It comes as the CRA tries to crack down on tax evasion and fraud, but experts say the bare trust requirement pause will not help. Abigail Bimman explains what a bare trust is, why the CRA made the last-minute change, the fury from accountants and how it could affect your tax returns. For more info, please go to [ 🔗 Click ‼️ ] Subscribe to Global News Channel HERE: [ 🔗 Click ‼️ ] Like Global News on Facebook HERE: [ 🔗 Click ‼️ ] Follow Global News on Twitter HERE: [ 🔗 Click ‼️ ] Follow Global News on Instagram HERE: [ 🔗 Click ‼️ ] #GlobalNews #CRA #Taxseason :::: Visit my YouTube channel @ Global News ( [ 🔗 Click ‼️ ]] )
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