As reported in Charity & NFP Law Bulletin No. 528, the Department of Finance Canada ("Finance") published draft legislation on August 12, 2024 proposing amendments to the trust reporting provisions under the Income Tax Act, and sought public feedback and comments on the draft legislation. In response, Carters Professional Corporation has submitted a response to Finance's consultation on trust reporting requirements, particularly as it relates to registered charities and not-for-profits. To view our response to the consultation, please click here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
