T3 slip - Trust income - Two boxes 26 *

There are two different boxes 26 on the T3 - "Trust income" slip.

The first box 26 of the T3 relates to "Other income" declared by the issuer of the slip. Quebec residents also receive an RL-16 with an amount in box G.

This amount will be reported by the program to line 13000 of the federal return, as well as line 130 of the Quebec return.

As for the second Box 26*, it concerns the "Part - Amount in Box 26 includes income from a community organization (You must also enter this amount as income in business) ".

We have prepared a document called «T3 Slip - Community organization income - Box 26» to explain how to enter information in the second Box 26 of the T3 slip.

For more information on this topic, please visit the following link:

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-254-capital-gains-deduction.html

ID: 20210915085943DE.xml

Webpage: KPA390-20210915085943DE.htm

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