The Canadian Forum for Financial Markets (CFFiM) spearheaded advocacy efforts to obtain an exemption from the bare trust reporting rules for securities dealers where securities are issued in nominee-name. We are pleased that on November 18, 2025, the Minister of Finance’s Ways and Means Motion included the exemption and was carried.

The relief means fewer filings and lower compliance costs.

Ways and Means Motion

Deemed Trust – exceptions

h) the trustee is a registered securities dealer acting in that capacity or a trust company regulated under the laws of Canada or a Province acting as an investment entity (as defined in subsection 270(1)), if

(i) at any time, the only property in the trust is described in clauses (1.2) (b.1) (iii)(A) to (I), and

(ii) an information return is issued in respect of all of the income and gains of the trust to all of the beneficiaries of the trust.