Bank of Canada Clarifies RPAA Trust Tax Treatment for PSPs

RPAA | January 20, 2026 Finance Canada Fix Removes Unintended Tax Burden From RPAA Trust Rules On September 8 2025, the Bank of Canada published a letter to PSPs on a trust tax issue, that said safeguarding end-user funds in “trust” accounts, a requirement under the Retail Payment Activities Act (RPAA), could create unintended tax

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