Bare trust backtrack: What it means for joint account holders
Last week, the Canada Revenue Agency put a pause on filing requirements for bare trusts for the 2023 tax year. That may be a relief for some people who share a joint account with a family member. So what happens now? And what happens if you already filed? Nicole Ewing, Director, Tax and Estate Planning, TD Wealth, joins Kim Parlee to help make sense of this move.