Cea 🇨🇦

This is the stupidest thing our government has done. Of all the things they have come up with. I am angry for the people it affected. #canada #cdnnews #tax #vancouver #canpoli

Some Canadians are out money after CRA made last-minute change to bare trust rules
https://www.cbc.ca/news/politics/bare-trust-tax-preperation-fees-1.7162518

Some Canadians are out money after CRA made last-minute change to bare trust rules | CBC News

Some Canadians are feeling frustrated after having paid hundreds of dollars in tax preparation fees for something the government says is no longer required.

CBC
Apr 5, 2024 at 1:02pmWeb
Show threadikeacurtainsApr 5, 2024
@cea so if I'm getting this right, government introduces reporting requirement, then removes the requirement a year later after deciding it wasn't netting the results they wanted, but do so at the last minute causing a handful of people to incur costs for reporting and now they're upset. This seems, by far, very mild in terms of stupid things the government has done. At least they know they won't have to incur those costs next year. 🤷‍♂️
Show threadCea 🇨🇦Apr 6, 2024
@ikeacurtains oh but they haven’t said it is gone for good. They are rethinking it. So it is possible some may have to incur the costs again next year. But I bet we won’t find out until well into the fall. And forget the government stupidity. It usually comes down to the bureaucracy I love to hate, cra.