Nothing about a trust / bare trust announces itself. Often there is no deed, no trustee who thinks of themselves as one, no income on a return. After three years of reporting relief, the filing obligation for taxation years ending after December 30, 2026 returns in a form that exempts some family arrangements — with significant penalties possible for non-compliance.
Registering multiple people? Volume discounts from 10% to 25% apply automatically at checkout.
105 minutes of teaching plus 15 minutes of live Q&A discussion.
The webinar recording will be available shortly following the live event.
Includes tax tables, worked examples, planning notes, technical references, and supporting resource materials.
A CPD certificate is available after successful quiz completion.
Make sure you've asked the questions that could change the answer.
Work through the file and identify when more information or professional judgment is required.
Understand why each question matters, where professional judgment is required and where files commonly go wrong.
Save your analysis and return as additional facts are confirmed.
Create a structured summary of the relevant facts, conclusion, technical basis, documentation and outstanding items .
Full access to the Trust Reporting Navigator is included with this course and CTM Membership.
The session works through many client arrangements that often have the same line: there is no formal trust agreement, and nobody involved believes they created a trust. An adult child holding sole title to a parent's cottage. A joint account with an adult child that sits under $50,000 in January and clears it by November. A nominee corporation left over from a project that finished years ago. Farmland registered in a grandfather's name and farmed through the family corporation ever since. Are there reporting obligations in these types of scenarios?
The immediate subject is a return and a schedule that many clients will not have to file. The durable skill is recognizing a trust relationship in a file where nobody set out to create one, and being able to explain, years later, why you concluded what you did.
Whether an arrangement is a trust at all is a question about intention, property and objects, settled long before a form is opened. Broader exemptions reduce filings without reducing the work: the analysis still has to be run to find out whether a carve-out spares the reporting.
The Act now describes the arrangement it reaches, but whether a given set of facts answers that description — and whether an exemption reaches it — remains a question of fact and law. Positions in that space rest on the surrounding evidence and on professional judgment rather than certainty.
Concluding that an arrangement is exempt is a position taken, and one that may need to be explained long after the facts have gone cold. Where an obligation does arise, satisfying it can mean telling a beneficiary about wealth they did not know existed. Neither is a technical question, and no technical answer disposes of either.
Tax Authority
FCPA, FCA, TEP
TAX STRATEGY & OPTIMIZATION
CPA, CA
The combination of distilled technical knowledge in a clear and concise manner, along with practical examples and guidance, was extremely helpful!
Gus Patel, CPA, CA, EET, LPA
Partner and Founder, K&P CPAs
Yes. Discounts range from 10% to 25% based on the number of people registered. The volume discount applies automatically at checkout as additional registrations are added.
You'll receive a confirmation email for your registration, along with a link to access the live session.
If you cannot attend live, the recording will be made available in your CTM account shortly after the session ends, so you can watch on demand.
Yes. The detailed slide deck and supporting materials will be posted shortly before the live session. When the recording is available, you'll be notified by email.
You will have access to the recording and course materials through your CTM account for one year. CTM members can access course materials while their membership is active.
Yes. A CPD certificate is available after successful quiz completion.
Yes. We will take questions during the live Q&A portion after the teaching session.
No. CTM members don't need to register for live sessions. We'll email you the link to join automatically. If you don't see it, check your spam folder or contact us.
Register for this session individually, or join CTM for access to this session and the full member library.
Questions about this course?
