October 3rd, 2024
Private Companies: How a Professional Audit Can Help You Reach Your Goals
(authored by RSM CANADA) A private company may strengthen its financial stability, operational efficiency and long-term success by having a regular audit.
Posted on September 7th, 2023 in Domestic Tax, General Business
Under new Canadian legislation, bare trust arrangements are now subject to the filing requirements of a T3 Trust Income Tax and Information return. This new legislation applies to trusts with tax years ending on or after December 31, 2023, with significant penalties for failure to comply.
In this important tax alert, authored by RSM Canada, they highlight what information is required to be reported, the deadlines, penalties for non-compliance, and which trusts may be exempt from filing.
Article written by RSM Canada and referenced with permission as a member of RSM Canada Alliance.
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