))
The Canadian Trust Reporting Tax Debacle - Episode 9
Manage episode 409718808 series 3546148
Indhold leveret af Kim G C Moody Professional Corporation. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Kim G C Moody Professional Corporation eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.
In this episode, recorded on March 30, 2024, Kim G C Moody discusses the “new” Canadian trust reporting rules that have turned into a debacle given the requirement to report “bare trusts” (which are normally ignored for all purposes of the Income Tax Act) that were required to report until a last minute announcement - on March 28, 2024 - by the Canada Revenue Agency that bare trusts no longer needed to file. Huh? After all that work and struggle by tax practitioners?? Why weren’t the concerns of Canadian tax professionals - who foreshadowed these struggles - listened to up front? Kim discusses the frustrations and lessons to be learned from this (and other recent debacles like the Underused Housing Tax and the 2017 private corporation tax proposals). It starts with respect and rebuilding “trust” amongst the tax practitioner community and government.
…
continue reading
12 episoder
Del
