Bare trusts: What the 2026 reporting rules could mean for you
Do you share a bank account with an aging parent? Are you helping a child qualify for a mortgage by being on title? Situations like these could be considered bare trusts, which may require a tax return to be filed, even when no tax is owed. Nicole Ewing, Principal, Wealth Planning Office, TD Wealth, explains what you need to know and what exceptions could apply.
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