Canada, Pay Attention! 🇨🇦

Canada, pay attention: property ownership may be more complicated than it appears. If your name is listed on a property but someone else is the beneficial owner, you may have created a bare trust without realizing it. For the 2026 tax year, certain bare trusts may need to file a T3 return by March 31, 2027. Rules and exemptions can depend on the specific facts, so do not assume you are exempt. Ask your accountant to review your situation, and get professional guidance to make sure your estate plan works as intended. Save this post, share it with someone who may need it, and call 647-937-5509.