S13: CRA’s 2026 Bare Trust Rule - You’re On Your Own
There’s a new CRA rule coming in 2026 that could affect millions of Canadians — and when it hits, you might not find anyone to help you deal with it. Not your accountant.
Show Notes
There’s a new CRA rule coming in 2026 that could affect millions of Canadians — and when it hits, you might not find anyone to help you deal with it.
Not your accountant. Not the CRA. Not anyone… unless you’re willing to pay hundreds or even thousands every year.
**In this episode, we cover:**
• What a bare trust is — and why you probably already have one
• Why your accountant may refuse to file these returns
• The complexity of T3 filings and why DIY isn’t realistic
• How accounting firms are already overwhelmed during tax season
• Why even CRA won’t tell you if the rule applies to you
• The real issue: high cost, high risk, and zero value for families
This isn’t just an expensive rule — for many, it may be impossible to comply with.
The bill is still in progress — but once it passes, this becomes unavoidable. Sign the petition below and share this video with anyone who could be affected.
**Links:**
🔗 **Sign the Petition:** https://c.org/jyDCM2v5tm
🔗 **Download the MP Letter Template:** https://docs.google.com/document/d/e/2PACX-1vT_8zxN_XxzdVk_i1y0cXbmux38Ay8b30txNQKwAJhA82ciS7dScgvCiHk4yziTF2gWWOCwGOkdfHld/pub
🔗 **Find your MP:** https://www.ourcommons.ca/members/en
🔗 **Download the Bare Trust Agreement Checklist:** https://theadvisorstable.com/cra-bare-trust-rule-2026-family-penalties/
📥 Resources from this episode
Bare Trust Filing Checklist
A three-phase walkthrough to identify whether you're sitting on a bare trust under Canada's new reporting rules — with the exemptions, the 5%-of-property penalty math, and the specific T3 / Schedule 15 steps to take. For anyone whose name is on a family member's account or property.
MP Letter Template — Bare Trust Rules
A pre-written letter to your Member of Parliament asking them to oppose the bare-trust reporting penalties before Bill C-15 becomes law. Add your name, find your MP, send. No email required.
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