Tax Alert

Tax
Alert

2024 brings changes to trust reporting

Aimed at ensuring greater transparency, the federal government has introduced new reporting requirements for trusts. In our latest Tax Alert, Baker Tilly Canada’s National Director of Tax, Sean Grant‑Young, outlines these new trust reporting rules, including the new information required for filing, which trusts are impacted and penalties for non‑compliance.


Baker Tilly Ottawa LLP 400-301 Moodie Drive Ottawa, Ontario K2H 9C4 ottawa@bakertilly.ca \| bakertilly.ca	Baker Tilly Canada periodically publishes Tax Alert for its clients and associates. It is designed to highlight and summarize the continually changing tax and business scene across Canada. While Tax Alert may suggest general planning ideas, we recommend professional advice always be sought before taking specific planning steps.

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Baker Tilly Ottawa LLP · 301 Moodie Drive · Suite 400 · Ottawa, Ontario K2H9C4 · Canada