Income Trusts

What new bare trust tax filing rules mean for Canadians – MoneySense

March 11, 2024 · Finance

What is a bare trust? The Income Tax Act does not specifically define a bare trust, Chander. The Canada Revenue Agency (CRA) says: “A bare trust for income…

How to avoid or reduce probate fees in Ontario – MoneySense

December 15, 2023 · Finance

What is Estate Administration Tax in Ontario? Estate Administration Tax, commonly known as probate fees, is a mandatory tax imposed by the Ontario provincial government. It is placed…