10/16/2026
Does another corporation hold legal title to a property or other asset that is beneficially owned by your company?
You may have a bare trust arrangement, even if you’ve never formally set up a trust.
New bare trust reporting rules apply to taxation years ending on or after December 31, 2026. For most bare trusts, the first return will be due March 31, 2027
Our guide explains what to look for, common business arrangements and what to do next: https://sbpartners.ca/bare-trust-reporting-requirements-2026/