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nicoleb-turgeon-
March 19, 2024
Question

Joint account between parent and child. Money belongs to parent. T5 in name of parents. Is there anything to report on the child tax return.

  • March 19, 2024
  • 1 reply
  • 0 views
Is a joint account in Ontario (with right of survivorship) included in the definition of bare trust.

    1 reply

    G
    GHarpe
    March 19, 2024

    Because this is new and not clarified by the Canada Revenue Agency(CRA) yet till April 4th, please contact the CRA for further information. You might ask for an email for future confirmation about this. You call them at 1-800-959-8281.

     

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