Bare Trust Reporting Requirements: 2025 Deferral & What to Expect in 2026

Page summary

Bare trust T3 filing deferred to 2026. Learn who must file, $50K exemption threshold, penalties, and how to prepare for December 31, 2026 deadline.

• Article details: Tax Compliance; published December 13, 2025; 7 min read.
• If you own property jointly with a family member, hold assets as a nominee, or have certain investment accounts, you might be required to file a bare trust tax return—and you might not even know it. The Canada Revenue Agency (CRA) has deferred these reporting requirements multiple times, but the deadline is now approaching: December 31, 2026.
• For thousands of Canadians across Markham, Toronto, and the GTA, bare trust reporting is unfamiliar territory. Many property owners, parents with joint accounts, and family trustees have never filed a T3 Trust Income Tax and Information Return because they've never needed to—until now.
• The good news? You have time to prepare. The challenge? Understanding whether you're affected and what you need to do before the 2026 deadline.
• ---
• Disclaimer: This article provides general information about bare trust reporting requirements for educational purposes. Tax rules are complex and evolving. The $50,000 exemption threshold is proposed but not yet law. Always consult with a qualified tax professional for advice specific to your situation before making decisions about trust reporting or restructuring.

Related pages

• Blog: Browse more Canadian tax and accounting articles.
• Tax Planning & Advisory: Get advice before tax decisions become filing problems.
• Contact ARMalik: Ask a Markham CPA about how this topic applies to your situation.

Contact