CRA's last-minute bare trust rule change sparks frustration among Canadian taxpayers
The recent decision by the Canadian Revenue Agency (CRA) to retract bare trust reporting rules has resulted in relief for some Canadians. However, for others, the news comes as too little, too late, as they have already spent hundreds of dollars on tax preparation fees. The new rule was introduced this year, and many Canadians were unaware of its existence and whether they were a part of such an arrangement. As Global's Naomi Barghiel reports, announcing the rule changes at the last minute has caused frustration among taxpayers. For more info, please go to https://globalnews.ca/news/10406070/cras-bare-trust-tax-reporting-changes-reaction/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews #CRA #canada #taxseason
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Channel: Global News
The recent decision by the Canadian Revenue Agency (CRA) to retract bare trust reporting rules has resulted in relief for some Canadians.
However, for others, the news comes as too little, too late, as they have already spent hundreds of dollars on tax preparation fees.
The new rule was introduced this year, and many Canadians were unaware of its existence and whether they were a part of such an arrangement.
As Global's Naomi Barghiel reports, announcing the rule changes at the last minute has caused frustration among taxpayers.
For more info, please go to https://globalnews.ca/news/10406070/cras-bare-trust-tax-reporting-changes-reaction/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #CRA #canada #taxseason
Video length: 2:07
Category: News & Politics
75 comments
Channel: Global News
The recent decision by the Canadian Revenue Agency (CRA) to retract bare trust reporting rules has resulted in relief for some Canadians.
However, for others, the news comes as too little, too late, as they have already spent hundreds of dollars on tax preparation fees.
The new rule was introduced this year, and many Canadians were unaware of its existence and whether they were a part of such an arrangement.
As Global's Naomi Barghiel reports, announcing the rule changes at the last minute has caused frustration among taxpayers.
For more info, please go to https://globalnews.ca/news/10406070/cras-bare-trust-tax-reporting-changes-reaction/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #CRA #canada #taxseason
Video length: 2:07
Category: News & Politics
75 comments
