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Print this pageForward this document  T3S

T3S

Use the keyword T3S to indicate whether Form T3S, Supplementary Unemployment Benefit Plan Income Tax Return, should be completed. This form should be completed for registered plans.

If the plan is not registered under the Income Tax Act throughout its period of operation or existence during the year, the income may be taxable. To report taxable income and to complete the T3 trust Income Tax and Information Return, a distinct client should be entered with the pertinent information.

Secondary keywordPlan-Number.s

Use the keyword Plan-Number.s to enter the plan's registration number.

Keyword in subgroupFile-T3return.s

Use the keyword File-T3return.s to indicate whether the trust also filed a related T3 Trust Income Tax and Information Return. This information will be captured on the T3S Return with the accompanying trust account number.

Secondary keyword in subgroupTrust-Acct-Num.p

Use the keyword Trust-Acct-Num.p if the trust is also filing a related T3RET, T3 Trust Income Tax and Information Return.

Secondary keywordS207-1-5-OV.s

Use the keyword S207-1-5-OV.s to manually enter the tax payable under subsection 207.1(5) on agreements to acquire shares.

If the trust or pension corporation entered into an agreement to acquire shares of the capital stock of a corporation at a price that differed from their fair market value when acquired, it may have to pay tax under subsection 207.1(5). In this case, complete Form T2000 Calculation of tax on agreements to acquire shares, and attach it to this return.

Secondary keywordAcct-Payments.s

Use the keyword Acct-Payments.s to enter any payments that have already been paid on this account.

Secondary keywordRefund-Code.s

Use the keyword Refund-Code.s if the trust is entitled to a refund.

The following options are applicable for the keyword Refund-Code.s.

  • Claim refund
    • Choosing "Claim refund" indicates that the refund is being claimed now.
  • Future tax liability
    • Choosing "Future tax liability" indicates that the refund is to be kept and applied to taxes payable in the following year.
  • Other tax liability
    • Choosing "Other tax liability" indicates that the refund is to be held and applied to an expected assessment of an additional amount to be paid. A letter providing details should be attached.