Episode 22 – Preparing for New Tax Challenges in 2025

Key considerations for filing trust returns and the current legislative uncertainty within Canada.

In this episode of From the Source, Frankie and Sarah break down key considerations for filing trust returns and Canada’s evolving tax landscape. They discuss the political debate over capital gains inclusion rate changes, shifting Bare Trust filing requirements, and the expanding impact of the Alternative Minimum Tax (AMT) on trusts. With ongoing legislative uncertainty, they highlight the importance of staying informed.

Frankie and Sarah discuss:

The political debate over the capital gains inclusion rate and its potential impact
Bare Trust filing requirements and the latest CRA interpretations
How the Alternative Minimum Tax is reshaping trust taxation
CRA’s stance on professional fee payments by trusts

Tune in for expert insights on navigating these critical tax changes.