Bare Trusts

A bare trust is a straightforward legal arrangement where one party holds legal title to property on behalf of the true (beneficial) owner. These trusts are common in real estate, estate planning, and corporate structures - but despite their simplicity, they can now trigger complex CRA reporting obligations, even if no income is earned.

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Our tax lawyers assist clients in properly structuring bare trusts, determining whether reporting is required, and preparing the necessary filings. We coordinate with accountants and advisors to ensure full compliance with CRA rules, while protecting your beneficial ownership and minimizing tax risk.