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Are you ready? Important changes to Trust reporting requirements and Reportable Transactions.

  • September 20, 2022
  • 11:45 AM - 1:30 PM
  • Chateau Louis, 11727 Kingsway NW, Edmonton, Alberta T5G 3A1

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  • Luncheon at Chateau Louis

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Sept 2022 Lunch is back in person!

Chateau Louis Conference Centre

11727 KINGSWAY NW • EDMONTON AB T5G 3A1 | 780.452.7770

Keaton Buchberger of Dentons

"Are you ready? Important changes to Trust reporting requirements and Reportable Transactions. "

2023 will see even more compliance requirements for CPA’s. The two major changes relate impact Trust Reporting requirements, and Mandatory Reporting Requirements for reportable transactions. Keaton Buchberger of Dentons will be speaking on the significant new rules and best practices for dealing with the new measures.

Changes to Trust reporting

In addition to expanding requirements for which type of trust must file annual returns, Under the proposed regulations, every trust that must file a T3 return must disclose information which includes the name, address, date of birth, jurisdiction of residence and taxpayer identification number (TIN) (i.e. social insurance number, business number, trust account number or foreign TIN) for each:

  • trustee;
  • beneficiary;
  • settlor and;
  • each person who has the ability (through the terms of the trust or a related agreement) to exert influence over trustee decisions regarding the appointment of income or capital of the trust.

Changes to reportable transactions

The changes include a dramatic expansion of the existing reportable transactions rules to capture many more transactions that were previously exempted. The CRA will also be introducing a new category of transactions as well!

Keaton is an associate in Dentons’ Tax group. His practice incorporates a variety of tax and corporate matters including tax planning, corporate reorganization, mergers and acquisitions, corporate governance and cross-border transactions. Keaton also has experience assisting start-up companies, negotiating commercial contracts and advising clients regarding international business expansion and the utilization of offshore entities.

Born and raised in Edmonton – Keaton has longstanding connections within the city’s business community, and has a passion for helping the community realize every opportunity to thrive.


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