DATE RECORDED: March 2025

This course features concise, easy-to-understand modules that provide a comprehensive overview of T3 Return obligations for bare trusts. The content is based on the draft legislation released by the Department of Finance on August 12, 2024. 

Learning Objectives 

By the end of this course, participants should be able to: 

• Define a bare trust and recognize how to distinguish it from other types of trusts. 
  
• Differentiate the roles and responsibilities of the trustee and the beneficiary within a bare trust. 
  
• Identify the bare trust reporting obligations for taxation purposes and T3 return filing requirements for bare trusts.  
  

Content 

• A recap of the tax return filing obligations for bare trusts in respect of the 2023 taxation year,  
  
• An explanation of the tax return filing obligations for bare trusts in respect of the 2024 taxation year, and 
  
• An overview of the proposed tax return filing obligations for bare trusts in respect of the 2025 taxation year and beyond (as proposed in the Draft Legislation). 
  

Prerequisites – Knowledge, Experience or Courses 

No prerequisite knowledge is required 

Who Will Benefit

CPAs at all levels of their career and in any type of organization across a wide range of industries and roles. 

ABOUT THIS COURSE

You have 180 days from date of purchase to access and complete this course. There are no extensions.

CPA PRO Microlearning On-Demand courses offer content in concise, easily digestible modules designed for immediate application. These courses may include interactive learning activities to enhance the educational experience, and course materials are also included where applicable. These titles consist of CPA PRO recordings of live seminars or exclusive content developed specifically for the e-learning audience, typically ranging from 20 to 30 minutes in duration.

The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.

These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to download your electronic certificate of completion upon passing the quiz.