Do the CRA’s New ‘Bare Trust’ Tax Filing Rules Apply to You?

New rules from the Canada Revenue Agency indicate more Canadians could be filing a tax return for a trust this year. Ground Picture/Shutterstock

The Canada Revenue Agency’s new bare trust reporting rules will mean extra work for some Canadians filing a tax return this year.

A bare trust is an informal arrangement and can occur simply by adding someone’s name to an account or deed.