Did You Add Your Child to Your House Title? CRA’s New 2026 Rule Changes Everything!

Share your children’s profiles to the email address provided and join the WhatsApp community! Once you are in the group, scroll up to view the existing profiles. If any profile interests you, please contact the parents directly. The Extended Islamic Family Connections https://whatsapp.com/channel/0029VbBb... extendedislamicfamily@gmail.com 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! Yasir Khan, REALTOR® RE/MAX Impact Realty Brokerage 1413 King St E, Courtice, ON L1E 2J6 📞 Business: 905-240-6777 📱 Cell: 647-896-6227 Your referrals are always appreciated. In this video, Yasir Khan breaks down the new CRA 2026 Bare Trust rules in simple, easy-to-understand English: 0:00 - Introduction: The $50,000 CRA Paperwork Penalty 0:50 - What is a Bare Trust? (Simple Real-Life Example) 2:30 - The History & Why 2026 is the Official Deadline 3:45 - How the 5% Gross Negligence Fine Works 5:15 - Who is EXEMPT vs. Who is AT RISK 7:00 - Principal Residence Exemption Reporting Warning 8:15 - 4 Easy Steps to Protect Yourself Today 📌 Disclaimer: This video is for educational and informational purposes only and does not constitute formal accounting, legal, or tax advice. Please consult a qualified Chartered Professional Accountant (CPA) or legal professional regarding your specific situation before the filing deadline. #YasirKhanCanadaWala #CRANewRules #BareTrustCanada #CanadianRealEstate #CRATaxUpdates #CanadaTax2026 #SeniorTaxTips