If you share a bank account with a parent or relative, you may have to file a T3 return this tax season. That’s because a joint account may be considered a “bare trust.” According to new CRA trust reporting rules, these trusts are now required to file a return. Nicole Ewing, Director, Tax and Estate Planning, TD Wealth, joins Kim Parlee to provide more clarity on this issue.
If you’re married or in a common-law relationship, could there be anything more romantic than tax season? Nicole Ewing, Director, Tax and Estate Planning, TD Wealth, joins Kim Parlee to discuss some key tax moves couples can consider and misconceptions to be aware of as well.
If you’ve got a cottage you want to share with family or a business you plan to pass on to your children, a family trust could help protect your assets and lower your tax bill. But there are costs and enhanced reporting requirements to consider. Nicole Ewing, Director, Tax and Estate Planning, TD Wealth, joins Kim Parlee to help sort through some benefits and drawbacks.
Stock market news with Greg Bonnell.
