CPA Solutions LLP

Subsection 220(3.2) may offer relief for late, amended, or revoked elections, but its limits can leave taxpayers with few options.

Our latest blog looks at Sechelt Holdings Inc. v. The King and what it reveals about the challenges of relying on this provision.

Read more through the link below.

https://bit.ly/4tM88oH

With T3 filing season here, understanding the difference between express and non-express trusts matters. Some trusts may still qualify for an exemption from enhanced reporting requirements, including Schedule 15.

Reach out to CPA Solutions to see how these rules may apply to your trust. [link below]

https://bit.ly/48uVmTD

What are the Canadian income tax consequences arising from a proposed cash distribution by a Canadian estate to a non-resident beneficiary of an estate?

Click the link below for our complete breakdown.

https://bit.ly/4s7DNA6