At the 2024 CALU conference round table (question 12, addressed in 2024-1005851C6), the CRA confirmed that a bare trust has a December 31 year-end and that a trust (other than a GRE) that dissolves during a calendar year still has a December 31 taxation year-end so that its return for the year is due 90 days after that date. Regarding the latter proposition, it seems more than a little odd that an “entity” that ceases to exist some time before December 31 nevertheless has a taxation year ending on that date.
