Line 11 - Other income ▲
Enter the total income the trust received in the tax year that is not included elsewhere on the T3 return or schedules, such as:
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death benefits under the Canada Pension Plan (CPP) or Quebec Pension Plan (QPP)
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royalties (do not include Crown royalties in income)
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commissions
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retiring allowances, unless this amount is reported by a beneficiary, or reported in the retired person's income for the year of death as a right or thing (for more information, see archived Interpretation Bulletin IT-S-F1- C2, Retiring Allowances)
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certain employment-related income (for more information, see Guide T4011, Preparing Returns for Deceased Persons)
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federal, provincial, or territorial government COVID-19 assistance, such as the Canada Emergency Wage Subsidy (CEWS) if the trust was qualified as an eligible employer
Death benefit - Other than CPP or QPP
A death benefit is an amount for a deceased person's employment service. This amount is shown in box 106 of a T4A slip. If a death benefit is to be taxed in the trust according to the provisions of the trust document, you may be able to exclude up to $10,000 of the amount from the trust's income.
If no one other than a trust received a death benefit, report the amount that is more than $10,000. Even if the trust did not receive all of the death benefits in one year, the total tax-free amount for all years cannot exceed $10,000. To find out what to report if anyone else received a death benefit for the same person, see archived Interpretation Bulletin IT-508, Death Benefits.
Send us a copy of the T4A slip, or a statement from the deceased person's employer that identifies the payment as a death benefit.
Registered retirement savings plan (RRSP)
A trust may be entitled to income earned by an RRSP after the death of the only or last annuitant. Usually, this income is shown on a T5 or T4RSP slip issued to the estate. Include this amount on line 11 of the T3 return. Generally, amounts deemed received on death or as a refund of premiums should not be included.
For more information on taxable benefits from matured and unmatured RRSPs, see Guide T4040, RRSPs and Other Registered Plans for Retirement, Guide T4011, Preparing Returns for Deceased Persons, and archived Interpretation Bulletin IT-500, Registered Retirement Savings Plans - Death of an Annuitant.
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