A report by the Taxpayers' Ombudsperson Francois Boileau highlighted issues with the Canada Revenue Agency's (CRA) management of new bare trust filing requirements that were to take effect for the 2023 tax year. The CRA's last-minute announcement pausing these requirements led to significant confusion among taxpayers, as they were not provided timely or adequate information. While Boileau deemed the exemption decision correct, he criticized the CRA for the timing and lack of clarity surrounding the changes, emphasizing that the decision was made too late to minimize disruption and confusion for Canadians.
The CRA's last-minute exemption of bare trust filing requirements wasted time and effort, raising questions about the agency's communication and handling of taxpayer concerns.
Francois Boileau's investigation revealed that the CRA's late decision to exempt bare trusts from filing obligations was correct but poorly timed, leaving taxpayers confused.
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