Trusts – Investment Executive https://www.investmentexecutive.com Canada's news source for financial professionals Wed, 23 Oct 2024 20:06:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png Trusts – Investment Executive https://www.investmentexecutive.com 32 32 Lawyers vulnerable to money launderers: FINTRAC https://www.investmentexecutive.com/news/from-the-regulators/lawyers-vulnerable-to-money-launderers-fintrac/ Wed, 23 Oct 2024 20:06:14 +0000 https://www.investmentexecutive.com/?p=495377 Bulletin alerts industry firms to risky activity involving legal profession

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]]> Bare trusts exempted from 2024 filing requirement https://www.investmentexecutive.com/news/industry-news/bare-trusts-exempted-from-2024-filing-requirement/ Wed, 14 Aug 2024 23:37:59 +0000 https://www.investmentexecutive.com/?p=490985 Department of Finance proposals would also reduce the number of people who must file a bare trust return, starting in 2025

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]]> Can the feds avoid repeating the bare trust debacle? https://www.investmentexecutive.com/news/industry-news/can-the-feds-avoid-repeating-the-bare-trust-debacle/ Tue, 16 Jul 2024 18:59:14 +0000 https://www.investmentexecutive.com/?p=489406 Joint tax committee will ask Finance to change the existing legislation

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]]> Taxpayers’ Ombud to examine CRA’s bare trust administration https://www.investmentexecutive.com/news/industry-news/taxpayers-ombud-to-examine-cras-bare-trust-administration/ Wed, 10 Jul 2024 20:48:40 +0000 https://www.investmentexecutive.com/?p=489138 Agency received more than 52,000 bare trust returns for 2023, despite issuing last-minute filing exemption

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]]> How should trusts flow out capital gains to beneficiaries in 2024? https://www.investmentexecutive.com/news/industry-news/how-should-trusts-flow-out-capital-gains-to-beneficiaries-in-2024/ Fri, 05 Jul 2024 20:57:51 +0000 https://www.investmentexecutive.com/?p=488893 Trusts must disclose pre- and post-June 25 gains or face negative tax consequences

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]]> 2 ways for mutual funds to handle higher capital gains inclusion rate https://www.investmentexecutive.com/news/products/2-ways-for-mutual-funds-to-handle-higher-capital-gains-inclusion-rate/ Fri, 28 Jun 2024 17:57:01 +0000 https://www.investmentexecutive.com/?p=488501 Funds can choose the option more favourable to fund holders — though detailed calculation comes with challenges

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]]> Trusts holding GICs must file an annual tax return, CRA says https://www.investmentexecutive.com/news/industry-news/trusts-holding-gics-must-file-an-annual-tax-return-cra-says/ Wed, 05 Jun 2024 17:33:58 +0000 https://www.investmentexecutive.com/?p=487209 Trusts holding GICs would not qualify for a filing exemption available to low-value trusts

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]]> Tax group asks feds to allow deemed sales ahead of capital gains change https://www.investmentexecutive.com/news/industry-news/tax-group-asks-feds-to-allow-deemed-sales-ahead-of-capital-gains-change/ Mon, 06 May 2024 18:44:59 +0000 https://www.investmentexecutive.com/?p=485299 Taxpayers have been given too little time to plan next steps, CBA-CPA joint committee says

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]]> Tribunal asked to pause OSC’s Bridging case https://www.investmentexecutive.com/news/from-the-regulators/tribunal-asked-to-pause-oscs-bridging-case/ Wed, 24 Apr 2024 16:49:00 +0000 https://www.investmentexecutive.com/?p=484673 Lawyers for firm's founder seek adjournment amid unpaid legal bills

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]]> Bare trusts still must file an underused housing tax return https://www.investmentexecutive.com/news/industry-news/bare-trusts-still-must-file-an-underused-housing-tax-return/ Fri, 19 Apr 2024 21:00:51 +0000 https://www.investmentexecutive.com/?p=484443 April 30 deadline looms for 2022 and 2023 UHT returns 

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