Preparing Your Trust Tax Returns, 2023 Edition for 2022 Returns

File your returns with accuracy by staying up-to-date on recent tax changes with the most current tax preparation guide. Critically-acclaimed by tax professionals, Preparing Your Trust Tax Returns is updated annually and provides the most comprehensive coverage and in-depth analysis of the rules for corporate tax returns available.

Features & Coverage:

Why do tax professionals across Canada come back to Wolters Kluwer year-after-year? It's simple. We provide the most comprehensive tax resource available anywhere. Federal and provincial income taxes are exhaustively detailed. Descriptions of forms and analysis of necessary information are organized by topic. Preparing Your Trust Tax Returns will give you the professional expertise, confidence, and time-saving efficiency you need to deliver your best returns.

What's New in the 2023 Edition:

• Latest CRA and Finance pronouncements

• Hybrid Mismatch Arrangement rules

• Multigenerational Home Renovation Tax Credit as a qualifying expenditure for a trust

• New Investment Tax Credit for Carbon Capture, Utilization, and Storage

• Electronic Filing and Certification of Tax Information Returns

• New Residential Property Flipping Rule

• New Tax-Free First Home Savings Account

• Reporting Requirements for Trusts

Table of Contents

• How To Use This Book

• Forms and Other Documents Reproduced

Chapters

• Trust Basics

• Filing a Trust Income Tax Return and Administrative Matters

• Types of Trusts

• Total Trust Income

• Net Income

• Taxable Income

• Tax and Credits

• Selected Tax Issues

• Appendix 1: CRA and Revenu Québec Forms

• Appendix 2: CRA Interpretation Bulletins, Information Circulars, and Income Tax Folios

• Appendix 3: CRA and Revenu Québec Guides

• Topical Index