CRA confirms that bare trusts are not required to file T3 returns for their 2025 taxation year

A CRA webpage has added the following update:

… Based on proposed legislation in Bill C-15, and consistent with the Explanatory Notes … the CRA does not expect bare trusts to file a … T3 return … including … Schedule 15 … for taxation years ending in 2025. Certain bare trusts will be required to file for taxation years ending on or after December 31, 2026.

Neal Armstrong. Summary of CRA Webpage, Filing a trust’s T3 return - What has changed - The latest changes affecting trusts and trust reporting - Proposed amendments related to trust reporting - Updated: December 16, 2025 under s. 150(1.3).