Trust registrations jump ahead of legal deadline - Canada Life

1m trusts still to be registered

clock • 2 min read
Stacey Love, tax and estate planning specialist at Canada Life, said: "It's great to see that the message to register is starting to get through to Trustees, however the clock is ticking and we still have a long way to go to ensure all the trusts that are required to register do so by the deadline."
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Stacey Love, tax and estate planning specialist at Canada Life, said: "It's great to see that the message to register is starting to get through to Trustees, however the clock is ticking and we still have a long way to go to ensure all the trusts that are required to register do so by the deadline."

A Freedom of Information request (FOI) from Canada Life to HMRC revealed that 211,381 trust registrations have been received since the Trustee Registration Service (TRS) began in June 2017.

According to the firm, this was an increase of nearly 60,000 registrations in just five months with more than 36,000 received in May and June alone, almost double the total number received in 2021....

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