T3 slip - Trust income

To enter amounts from your T3 slip, please follow the steps below:

1- On the "Left side menu of the Interview tab", select "Interview setup".

2- On the right-hand side of the screen, go to the "Investment income and expenses" group, check the box for "Interest, investment income and carrying charges/interest expenses/CNIL (T3, T5, T4PS, T5008, RC359)" and click "Next" at the bottom of the page.

3- Return to the "Left side menu on the Interview tab" and select the item "Interest, investment income and carrying charges".

4- On the screen to the right, choose the line "T3 - Trust Income (RL-16)" and on the new page that is generated, enter the information displayed on your T3.

There are many boxes on the T3 slip and you must enter the information in the page "T3 - Trust income" exactly as it appears on the slip. Do not enter zero amounts for boxes that are blank on the T3 slip. This will cause errors in the calculation.

NOTE: Entering a zero value is not the same as leaving a field blank.

For more information regarding income trusts, please consult the following links:

For the CRA:

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4013.html

 

For Revenu Québec:

https://www.revenuquebec.ca/en/online-services/forms-and-publications/current-details/rl-16-g-v/

ID: 20210817143155DEX.xml

Webpage: KPA390-20210817143155DE.htm

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