Stay ahead of 2025 Bare Trust reporting changes. This course clarifies new legislative updates, demystifies 'deemed trusts,' and navigates critical exemptions to ensure your compliance.
This course provides a practical road map for advisors to identify arrangements subject to reporting under subsection 150(1.3) of the Act (current and proposed) and understand the applicable exemptions. The course is designed to help tax practitioners understand and apply trust legal concepts in the context of the new bare trust reporting rules.
Participants will go through a glossary of trust legal concepts using practical examples. We will discuss which arrangements are subject to the new reporting rules and which exemptions from reporting may provide relief. We'll analyze a decision tree for bare trust reporting, which can serve as a helpful reference for your practice. Finally, we'll discuss the policy behind the new rules and the criticism they've met so far.
Specific topic areas will include:
This course is ideal for:
All tax practitioners who have not received in-depth education in trust law.
AJAG Professional Development was founded in 2003 with a mission of making professional development easier and more cost-effective for Canadian accountants and other financial advisory professionals. Our comprehensive range of flexible and reasonably-priced courses, programs and seminars are delivered online and in classroom-style settings in the Greater Toronto Area (Toronto, Oakville and Markham). AJAG features a roster of highly-qualified instructors who deliver content that is pertinent, up-to-date and engaging.
Tax Lawyer, Founder of Advotax Law
Anna helps clients who are being audited or were reassessed by the Canada Revenue Agency (CRA) resolve their disputes with the tax authorities. Anna represents her clients at the CRA level, at the Tax Court of Canada, and at the Federal Court. In addition to her tax litigation work, Anna advises her clients on a wide variety of Canadian income tax, HST, and international tax issues. She helps business owners organize their affairs in the most tax-efficient manner. Most of Anna's clients are small and medium-sized businesses, as well as individuals and estates. Anna's specific expertise is in income tax and HST issues related to the real estate and construction industry. Anna graduated from Osgoode Hall Law School in Toronto in 2007 and was called to the Ontario bar in 2008. She completed Parts I–III of the CICA In-Depth Tax Course. Prior to founding Advotax Law, Anna practiced tax law at one of the largest Bay Street firms. Anna is the founder of Canadian Tax Nerds, an informal discussion and study group of over 1,800 Canadian tax professionals. Anna is active in the Greater Toronto Area's Russian-speaking legal community. Anna provides legal services in English and Russian.
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.
