On September 11, TEI submitted comments to the Department of Finance Canada regarding proposed amendments to the bare trust reporting rules under Section 150 of the Income Tax Act. TEI’s comments focused on the compliance burden the rules impose on corporate taxpayers and made several recommendations to narrow the scope of the rules.
TEI’s comments were prepared under the aegis of its Canadian Income Tax Committee, chaired by Sandy Shanks. Benjamin R. Shreck, TEI tax counsel, coordinated the preparation of TEI’s comments. Read the comments here.
