The Government of Canada announced a postponement of the Trust Filing requirements for Bare Trusts to the 2025 taxation year, with a next expected filing deadline of March 31, 2026.

On March 28, 2024, Canada Revenue Agency announced that Bare Trusts under the new rules were exempt from filing (were originally due for filing March 30, 2024). The filing requirements for the following taxation year are unknown at this time.