New Bare Trust Reporting Requirements: Preparing for the March 31, 2027 Deadline
The Government of Canada enacted legislation on March 26, 2026 (Bill C-15), reinstating T3 trust reporting obligations for bare trusts for the 2026 tax year and onward. The Canada Revenue Agency (CRA) previously provided administrative relief exempting bare trusts from filing T3 returns for the tax years 2023 through 2025.
Please review the attached newsletter for an overview of these rules, and understand your compliance obligations ahead of the upcoming March 31, 2027 filing deadline for a December 31, 2026 taxation year. Please contact our office for more information if you believe you may be affected.
