27/09/2026
Did You Add Your Child to Your House Title? CRA’s New 2026 Rule Changes Everything!
IMPORTANT CANADIAN TAX UPDATE FOR 2026: The Canada Revenue Agency (CRA) has officially reinstated the Bare Trust Reporting rules starting for the 2026 taxation year (filings due Spring 2027).
If you added an adult son or daughter to your home's title for convenience, estate planning, or to avoid probate, you could be in a "Bare Trust" arrangement. Failing to file the required T3 Return and Schedule 15 form can trigger penalties of up to 5% of your total property value—even if you owe ZERO dollars in income tax!
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The Extended Islamic Family Connections
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Yasir Khan, REALTOR®
RE/MAX Impact Realty Brokerage
1413 King St E, Courtice, ON L1E 2J6
📞 Business: 905-240-6777
📱 Cell: 647-896-6227
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