We’ll walk through the enhanced trust reporting filing requirements, highlight how to identify affected trusts—including bare trusts—and review the latest CRA guidance and commentary.
Stay ahead of critical regulatory changes with “2025 Trust Reporting Update: What CPAs Need to Know.” This essential course provides a comprehensive overview of the latest trust reporting requirements for the upcoming 2025 tax year, focusing on the significant shifts in bare trust rules and other key updates affecting CPAs. You'll gain a deep understanding of the evolving landscape, helping you navigate complex compliance challenges and provide accurate advice to your clients.
This course will equip you with the knowledge to confidently handle 2025 trust filings, covering:
By the end of this course, you will be proficient in identifying filing obligations, understanding new exemption criteria, and preparing for the 2025 trust reporting season, minimizing risks for both your firm and your clients. We'll leverage the most current available information, drawing from the August 2025 proposed legislation and anticipated CRA guidance to ensure you are fully prepared.
Recorded October 1, 2025
Clearline Consulting provides practitioners and their staff with the tools, training and advice they need to succeed and build thriving accounting firms. From tax compliance to estate planning, file monitoring to assisting with practice review, staff training to customized consulting solutions, our team exists to serve the needs of small to mid-sized public practice firms across Canada. Our collaborative, integrated approach means your firm has access to and support from knowledgeable practitioners who are in front of the ever-changing standards environment. Our core services include supporting firms with the implementation of the quality management standards, external file monitoring, services for accounting, assurance and taxation maters, provisions of templates and resources, practice management and risk mitigation consultations.
Tax Partner, Clearline Consulting CPA
Shane is a Tax Partner at Clearline Consulting and Clearline CPA. As such, he primarily focuses on income tax planning, reorganizations, and succession planning for Canadian owner-managed businesses in various industries. He received his Bachelor of Commerce degree from the University of Northern BC and obtained his CA designation in 2003. Shane started his accounting career in 2000 by working for a large international accounting firm for approximately ten years in their Prince George, Calgary, and Burnaby offices. Shane worked an additional five years for a mid-sized accounting firm located in Surrey, before opening his own accounting and tax practice in Surrey which operated for four years. Now as Clearline Consulting’s Tax Partner, Shane will be assisting practitioners with their client’s tax compliance, planning and corporate restructuring needs.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
