Lines 15 to 17 - Trustee fees
Trustee, executor, and liquidator fees include:
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fees paid for certain investment advice (for more information, see archived Interpretation Bulletin IT-238, Fees Paid to Investment Counsel)
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fees incurred to gain or produce business or property income (deducted when you calculate the trust's business or property income)
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fees for administering the trust or looking after real property (for example, a residence) used by a lifetime beneficiary of a testamentary trust (because these fees are not incurred to earn business or property income, you cannot deduct them from the income of the trust)
Whether or not these fees are deductible by the trust, they are still income to the recipient. For this reason, you have to include the total fees paid in the year on line 15.
On line 16, enter the fees that were not incurred to earn income or that were already deducted elsewhere on the T3 return.
Trustee, executor, or liquidator fees paid to a person who acts in the capacity of an executor in the course of a business are part of that individual's business income. You must report these amounts on a T4A slip. If the trust paid fees to a non-resident of Canada for services performed in Canada and the non-resident acts in the capacity of an executor in the course of a business, complete a T4A-NR slip.
For more information, see Guide RC4445, T4A NR Payments to Non Residents for Services Provided in Canada. Otherwise, the fee for acting as executor is income from an office. If the fees paid are $500 or more, you have to prepare a T4 slip for that individual. The individual reports these amounts as income from an office, even if they do not receive a T4 slip. For more information, see Guide RC4120, Employers' Guide - Filing the T4 Slip and Summary.
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