T3 - Trust Guide - 2024
T3 - Trust Guide - 2024
Find out if this guide is for you
A T3 Trust Income Tax and Information Return (T3 return) is both a return of income and a general information return. A T3 return serves to report not only information about the reporting trust, but also additional information, such as that affecting the taxation of persons (for example, beneficiaries or settlors) having some connection to the trust.
This guide provides information on how to complete the T3 return, the T3 slip, Statement of Trust Income Allocations and Designations, and the T3 Summary, Summary of Trust Income Allocations and Designations.
Use this guide if you are filing a T3 return for either a testamentary trust or an inter vivos trust. For more information, see "Types of trusts" on page 8.
The word "you" throughout the guide refers to the trustee, executor, administrator, liquidator, custodian, or anyone preparing the T3 return for a trust. For tax purposes, estates and trusts are treated similarly. In calculating the income of an estate, references in this guide to a "trust" or "trust property" include "estate" or "estate property."
"The Act" refers to the Income Tax Act. Unless otherwise stated, all legislative references within this guide are to the Income Tax Act and the Income Tax Regulations. You can find a list of these references in the Index at the end of the guide.
For a list of Income Tax Act references, go to laws-lois.justice.gc.ca/eng/acts/I-3.3/index.html.
For a list of Income Tax regulations references, go to laws-lois.justice.gc.ca/eng/regulations/C.R.C.,_c._945/index.html.
If you need more information after reading this guide, visit canada.ca/taxes, or call 1-800-959-8281.
The CRA's publications and personalized correspondence are available in braille, large print, e-text, and MP3. For more information, go to canada.ca/cra-multiple-formats or call 1-800-959-8281. If you are outside Canada and the United States, call 613-940-8495. The CRA only accepts collect calls made through a telephone operator. After your call is accepted by an automated response, you may hear a beep and notice a normal connection delay. This service operates in Eastern Standard Time and is open Monday to Friday from 6:30 am to 11:00 pm and Saturday from 7:30 am to 8:00 pm.
La version française de ce guide est intitulée T4013, T3 - Guide des fiducies.
|
|