ARTICLE · 03 MARCH 2026

Incoming Amendments To Trust Reporting Requirements

Soloway Wright

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Proposed legislation to update trust reporting requirements under the Income Tax Act (the "ITA") was released in August 2024 and amended in August 2025. While these amendments are not yet enacted, on November 18, 2025...

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Proposed legislation to update trust reporting requirements under the Income Tax Act (the "ITA") was released in August 2024 and amended in August 2025. While these amendments are not yet enacted, on November 18, 2025, the Federal Government tabled Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025, which reflects Canada's intention to implement the proposed changes to the trust reporting regime.

While the legislative changes are not yet law, the Canada Revenue Agency (the "CRA") continues to provide administrative guidance on how it intends to apply the incoming reporting requirements (CRA, "Enhanced reporting rules for trusts and bare trusts: Frequently asked questions).

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