By Susannah Roth (October 17, 2022, 1:47 PM EDT) -- In a previous article, “New Trust Reporting and Disclosure Rules,” we wrote about the new Canadian trust reporting and disclosure rules which were originally to come into effect in 2021. Updated draft legislation was released by the Department of Finance on Aug. 9, 2022, and the legislation is now expected to come into effect for the 2022 tax year, significantly expanding the number of trusts which will now be required to file an annual T3 trust tax return. Here’s an overview of what you need to know if you are a trustee of an existing trust....