Ramsay Lampman Rhodes’ Civil Litigation lawyers represent clients across a wide range of civil disputes, including corporate and commercial, construction, employment law matters, wills and estates, real estate, personal injury, municipal, Aboriginal and other matters before the courts. Our litigation strategies concentrate on understanding our clients’ objectives and on providing effective advocacy combined with cost-effective and pragmatic approaches to resolving the issues in our clients’ best interests.
New Tax Rules for 2023: Bare Trusts Face Unexpected Reporting Requirements and Penalties – UPDATE
UPDATE: CRA exempts bare trusts from trust reporting requirements for 2023 tax year.
Read the CRA Announcement: March 28, 2024: Bare trusts are exempt from trust reporting requirements for 2023
New Trust Reporting Requirements – Bare Trusts are Caught
Almost all trusts must now file a T3 Trust Income Tax Return, regardless of activity or income. The filing deadline is April 2, 2024, and a failure to file may result in penalties and unfavourable tax implications. Notably, “bare trusts” are caught by the new rules. Bare Trusts In fairly simple terms, a bare trust…
James Rhodes Joins the RLR Partnership
We are delighted to announce that effective January 1, 2024, James Rhodes joined Ramsay Lampman Rhodes as a partner. With a focus on real estate and business law, James has consistently demonstrated outstanding dedication and expertise that has benefited our clients. Join us in congratulating James. We are confident that his contributions to the firm…