T3 Trust - Federal (T4013) tax guide index by line numbers
T3 Trust Guide (T4013) - 2025
What's new for 2025
Before you start
Definitions
Chapter 1 - General information
Form T3-DD, Direct Deposit Request for T3
When to file
Tax year-end and fiscal period
How to file the T3 return
Penalties and interest
Payment options
After you file
Chapter 2 - Completing the T3 return
Step 1 - Identification and other required information
Reporting foreign income and property
Other required information
Step 2 - Calculating total income: Lines 1 to 13
Line 1 - Taxable capital gains
Line 2 - Pension income
Line 3 - Total of actual amount of dividends from taxable Canadian corporations
Line 4 - Foreign investment income
Line 5 - Other investment income
Line 6 - Business income
Line 7- Farming or fishing income
Line 8 - Rental income
Line 9 - AgriInvest Fund 2 payments
Line 10 - Deemed dispositions income or losses
Line 11 - Non-deductible or add-back amounts of interest and financing expenses
Line 12 - Other income
Line 2 - Pension income
Line 3 - Total of actual amount of dividends from taxable Canadian corporations
Line 4 - Foreign investment income
Line 5 - Other investment income
Line 6 - Business income
Line 7- Farming or fishing income
Line 8 - Rental income
Line 9 - AgriInvest Fund 2 payments
Line 10 - Deemed dispositions income or losses
Line 11 - Non-deductible or add-back amounts of interest and financing expenses
Line 12 - Other income
Step 3 - Calculating net income: lines 14 to 32
Line 15 - Carrying charges and interest expenses
Lines 16 to 18 - Trustee fees
Line 19 - Allowable business investment loss (ABIL)
Line 20 - Other deductions from total income
Line 23 - Upkeep, maintenance, and taxes of a property used or occupied by a beneficiary
Line 24 - Value of other benefits to a beneficiary
Lines 26, 27 and 28 - Total income allocations and designations to beneficiaries
Lines 16 to 18 - Trustee fees
Line 19 - Allowable business investment loss (ABIL)
Line 20 - Other deductions from total income
Line 23 - Upkeep, maintenance, and taxes of a property used or occupied by a beneficiary
Line 24 - Value of other benefits to a beneficiary
Lines 26, 27 and 28 - Total income allocations and designations to beneficiaries
Step 4 - Calculating taxable income: lines 33 to 45
Form T3A, Request for Loss Carry-back by a Trust
Lines 36 to 42 - Other deductions for calculating taxable income
Line 41 - Restricted interest and financing expenses of other years
Line 41 - Restricted interest and financing expenses of other years
Step 5 - Summary of tax and credits: lines 46 to 80
Line 46 - Part II.2 tax payable
Line 47 - Total federal tax payable
Line 48 - Provincial or territorial tax payable
Line 49 - Part XII.2 tax payable
Line 51 - Tax paid by instalments
Lines C, D, and 52 - Net tax deducted
Line 53 - Refundable Quebec abatement
Line 54 - Refundable investment tax credit
Line 55 - Clean technology investment tax credit (Form T1098)
Line 56 - Capital gains refund (Form T184)
Line 57 - Part XII.2 tax credit
Line 59 - Newfoundland and Labrador research and development tax credit
Line 60 - British Columbia mining exploration tax credit
Line 61 - Federal environmental trust tax credit
Line 62 - British Columbia environmental trust tax credit
Line 63 - Saskatchewan environmental trust tax credit
Line 64 - Canadian journalism labour tax credit
Line 65 - Yukon research and development tax credit
Line 66 - Manitoba paid work experience tax credit
Line 68 - Manitoba green energy equipment tax credit
Line 69 - Return of fuel charge proceeds to farmers tax credit
Line 70 - British Columbia clean buildings tax credit
Line 71 - Ontario environmental tax credit
Line 72 - Yukon business carbon price rebate
Line 73 - Yukon mining carbon price rebate
Line 74 - Manitoba cultural industries printing tax credit
Line 75 - Manitoba rental housing construction incentive credit
Line 78 - Balance owing or refund
Line 79 - Amount enclosed
Line 80 - Refund code
Line 47 - Total federal tax payable
Line 48 - Provincial or territorial tax payable
Line 49 - Part XII.2 tax payable
Line 51 - Tax paid by instalments
Lines C, D, and 52 - Net tax deducted
Line 53 - Refundable Quebec abatement
Line 54 - Refundable investment tax credit
Line 55 - Clean technology investment tax credit (Form T1098)
Line 56 - Capital gains refund (Form T184)
Line 57 - Part XII.2 tax credit
Line 59 - Newfoundland and Labrador research and development tax credit
Line 60 - British Columbia mining exploration tax credit
Line 61 - Federal environmental trust tax credit
Line 62 - British Columbia environmental trust tax credit
Line 63 - Saskatchewan environmental trust tax credit
Line 64 - Canadian journalism labour tax credit
Line 65 - Yukon research and development tax credit
Line 66 - Manitoba paid work experience tax credit
Line 68 - Manitoba green energy equipment tax credit
Line 69 - Return of fuel charge proceeds to farmers tax credit
Line 70 - British Columbia clean buildings tax credit
Line 71 - Ontario environmental tax credit
Line 72 - Yukon business carbon price rebate
Line 73 - Yukon mining carbon price rebate
Line 74 - Manitoba cultural industries printing tax credit
Line 75 - Manitoba rental housing construction incentive credit
Line 78 - Balance owing or refund
Line 79 - Amount enclosed
Line 80 - Refund code
Chapter 3 - Trust schedules and forms
Form T3 SCH 1, Dispositions of Capital Property (Schedule 1)
Lines 1 and 2 - Qualified small business corporation shares (QSBCS) and qualified farm or fishing property (QFFP)
Line 3 - Publicly traded shares, mutual fund units, and other shares
Line 4 - Bonds, debentures, promissory notes, crypto assets, and other similar properties
Line 5 - Real estate, depreciable property, and other properties
Line 6 - Personal-use property
Lines 7 to 9 - Listed personal property
Line 10 - T3 information slips - Capital gains (or losses)
Line 11 - T5, T4PS, and T5013 information slips - Capital gains (or losses)
Line 13 - Capital losses from a reduction in business investment loss
Line 15 - Reserves on dispositions of capital property reported on Schedule 2
Line 17 - Capital gains on gifts of certain capital property eligible for the 0% inclusion rate
Line 20 - Total capital losses transferred under subsection 164(6) of the Act
Line 24 - Non qualified investments by TFSA, FHSA, RRSP, RRIF, RDSP, and RESP trusts, or disposition of interest in a partnership reported under subsection 100(1.1) of the Act
Line 25 - Total taxable capital gains (or net capital losses)
Line 3 - Publicly traded shares, mutual fund units, and other shares
Line 4 - Bonds, debentures, promissory notes, crypto assets, and other similar properties
Line 5 - Real estate, depreciable property, and other properties
Line 6 - Personal-use property
Lines 7 to 9 - Listed personal property
Line 10 - T3 information slips - Capital gains (or losses)
Line 11 - T5, T4PS, and T5013 information slips - Capital gains (or losses)
Line 13 - Capital losses from a reduction in business investment loss
Line 15 - Reserves on dispositions of capital property reported on Schedule 2
Line 17 - Capital gains on gifts of certain capital property eligible for the 0% inclusion rate
Line 20 - Total capital losses transferred under subsection 164(6) of the Act
Line 24 - Non qualified investments by TFSA, FHSA, RRSP, RRIF, RDSP, and RESP trusts, or disposition of interest in a partnership reported under subsection 100(1.1) of the Act
Line 25 - Total taxable capital gains (or net capital losses)
Form T1055, Summary of Deemed Dispositions
Form T2223, Election, Under Subsection 159(6.1) of the Income Tax Act, by a Trust to Defer Payment of Income Tax
Form T3 SCH 8, Investment Income, Carrying Charges, and Gross-Up Amount of Dividends Retained by the Trust (Schedule 8)
Lines 1 to 3 - Dividends from taxable Canadian corporations
Lines 4 to 6 - Foreign investment income
Lines 7 to 12 - Other investment income
Lines 13 to 17 - Carrying charges and interest expenses
Lines 18 to 32 - Calculating the gross-up amount of dividends retained or not designated by the trust
Line 19 - Eligible dividends designated to beneficiaries
Line 21 - Eligible dividends allocated, but not designated, to non-resident beneficiaries
Line 24 - Gross-up amount of eligible dividends retained or not designated by the trust
Line 26 - Dividends other than eligible dividends designated to beneficiaries
Line 28 - Dividends other than eligible dividends allocated, but not designated, to non-resident beneficiaries
Line 31 - Gross-up amount of dividends other than eligible retained or not designated by the trust
Line 32 - Total gross up amount of dividends retained or not designated by the trust
Lines 4 to 6 - Foreign investment income
Lines 7 to 12 - Other investment income
Lines 13 to 17 - Carrying charges and interest expenses
Lines 18 to 32 - Calculating the gross-up amount of dividends retained or not designated by the trust
Line 19 - Eligible dividends designated to beneficiaries
Line 21 - Eligible dividends allocated, but not designated, to non-resident beneficiaries
Line 24 - Gross-up amount of eligible dividends retained or not designated by the trust
Line 26 - Dividends other than eligible dividends designated to beneficiaries
Line 28 - Dividends other than eligible dividends allocated, but not designated, to non-resident beneficiaries
Line 31 - Gross-up amount of dividends other than eligible retained or not designated by the trust
Line 32 - Total gross up amount of dividends retained or not designated by the trust
Form T3 SCH 9, Income Allocations and Designations to Beneficiaries (Schedule 9)
Part A - Total income allocations and designations to beneficiaries Lines 921 to 928 and 949
Line 921 - Taxable capital gains
Line 922 - Lump-sum pension income
Line 923 - Actual amount of dividends other than eligible dividends
Line 924 - Foreign business income
Line 925 - Foreign non-business income
Line 926 - Other income
Line 949 - Actual amount of eligible dividends
Line 928 - Totals
Line 922 - Lump-sum pension income
Line 923 - Actual amount of dividends other than eligible dividends
Line 924 - Foreign business income
Line 925 - Foreign non-business income
Line 926 - Other income
Line 949 - Actual amount of eligible dividends
Line 928 - Totals
Part B - Summary of other amounts designated to beneficiaries Lines 930 to 951
Line 930 - Taxable capital gains eligible for deduction
Line 930-1B - Box 30 Dispositions of qualified farm and fishing property (QFFP)
Line 930-2B - Box 30 Dispositions of qualified small business corporation shares (QSBCS)
Line 931 - Qualifying pension income
Line 932 - Taxable amount of dividends other than eligible dividends
Line 933 - Foreign business income tax paid
Line 934 - Foreign non-business income tax paid
Line 935 - Eligible death benefits
Line 937 - Insurance segregated fund net capital losses
Line 938 - Part XII.2 tax credit
Line 939 - Dividend tax credit for dividends other than eligible dividends
Lines 940 and 941 - Investment tax credit (ITC)
Line 942 - Amount resulting in cost base adjustment
Line 945 - Other credits
Line 946 - Pension income qualifying for an eligible annuity for a minor
Line 947 - Retiring allowance qualifying for transfer to an RPP or an RRSP
Line 948 - Eligible amount of charitable donations
Line 950 - Taxable amount of eligible dividends
Line 951 - Dividend tax credit for eligible dividends
Line 930-1B - Box 30 Dispositions of qualified farm and fishing property (QFFP)
Line 930-2B - Box 30 Dispositions of qualified small business corporation shares (QSBCS)
Line 931 - Qualifying pension income
Line 932 - Taxable amount of dividends other than eligible dividends
Line 933 - Foreign business income tax paid
Line 934 - Foreign non-business income tax paid
Line 935 - Eligible death benefits
Line 937 - Insurance segregated fund net capital losses
Line 938 - Part XII.2 tax credit
Line 939 - Dividend tax credit for dividends other than eligible dividends
Lines 940 and 941 - Investment tax credit (ITC)
Line 942 - Amount resulting in cost base adjustment
Line 945 - Other credits
Line 946 - Pension income qualifying for an eligible annuity for a minor
Line 947 - Retiring allowance qualifying for transfer to an RPP or an RRSP
Line 948 - Eligible amount of charitable donations
Line 950 - Taxable amount of eligible dividends
Line 951 - Dividend tax credit for eligible dividends
Form T3 SCH 10 - Part XII.2 Tax, Part XIII Non Resident Withholding Tax, and Part II.2 Tax on Repurchases of Equity (Schedule 10)
Part A - Calculating Part XII.2 tax and the refundable Part XII.2 tax credit
Lines 1 to 14
Line 6 - Total specified income
Lines 7, 8, 10, and 11 - Adjusted amounts allocated and designated to beneficiaries
Line 12 - Part XII.2 tax payable
Line 13 - Adjustment for Part XIII tax purposes
Line 14 - Part XII.2 refundable tax credit for eligible beneficiaries
Line 6 - Total specified income
Lines 7, 8, 10, and 11 - Adjusted amounts allocated and designated to beneficiaries
Line 12 - Part XII.2 tax payable
Line 13 - Adjustment for Part XIII tax purposes
Line 14 - Part XII.2 refundable tax credit for eligible beneficiaries
Part B - Calculating Part XIII non-resident withholding tax - Lines 15 to 27
Line 18 - Taxable capital gains distributions designated as payable by a mutual fund trust
Line 20 - Amounts not subject to Part XIII tax: Other
Line 21 - Part XII.2 tax amount
Line 23 - Taxable Canadian property gains distributions for non-resident beneficiaries
Lines 25 to 27 - Non-resident tax payable
Line 20 - Amounts not subject to Part XIII tax: Other
Line 21 - Part XII.2 tax amount
Line 23 - Taxable Canadian property gains distributions for non-resident beneficiaries
Lines 25 to 27 - Non-resident tax payable
Part C - Calculating Part II.2 Tax on Repurchases of Equity
Form T3 SCH 11 - Federal Income Tax (Schedule 11)
Lines 8 and 9 - Federal tax on taxable income
Line 11 - Federal recovery tax
Lines 14 to 16 - Federal dividend tax credit
Line 17 - Donations and gifts tax credit
Line 20 - Minimum tax carryover from previous years
Line 22 - Surtax on income not subject to provincial or territorial tax
Line 25 - Federal foreign tax credit
Line 27 - Allowable federal political contribution tax credit
Line 28 - Investment tax credit
Line 34 - Additional tax on RESP accumulated income payments
Line 36 - Refundable Quebec abatement
Line 11 - Federal recovery tax
Lines 14 to 16 - Federal dividend tax credit
Line 17 - Donations and gifts tax credit
Line 20 - Minimum tax carryover from previous years
Line 22 - Surtax on income not subject to provincial or territorial tax
Line 25 - Federal foreign tax credit
Line 27 - Allowable federal political contribution tax credit
Line 28 - Investment tax credit
Line 34 - Additional tax on RESP accumulated income payments
Line 36 - Refundable Quebec abatement
Form T3 SCH 11A, Donations and gifts tax credit calculation (Schedule 11A)
Lines 1 to 3 - Donations to registered charities and other qualified donees
Line 4 - Donations applied to the last two years of the deceased individual (GREs and former GREs only)
Line 5 - Total eligible amount of charitable donations (total of lines 1, 2, and 3 minus line 4)
Line 6 - Net income from line 32 of the T3 return
Lines 7, 8, and 9 - Donations limit
Line 11 - Eligible amount of cultural and ecological gifts
Line 12 - Amount of cultural and ecological gifts applied to the last two years of the deceased individual (GREs and former GREs only)
Lines 16 to 30 - Donations and gifts tax credit calculation
Line 4 - Donations applied to the last two years of the deceased individual (GREs and former GREs only)
Line 5 - Total eligible amount of charitable donations (total of lines 1, 2, and 3 minus line 4)
Line 6 - Net income from line 32 of the T3 return
Lines 7, 8, and 9 - Donations limit
Line 11 - Eligible amount of cultural and ecological gifts
Line 12 - Amount of cultural and ecological gifts applied to the last two years of the deceased individual (GREs and former GREs only)
Lines 16 to 30 - Donations and gifts tax credit calculation
Form T3 SCH 12, Minimum Tax (Schedule 12)
Form T3 SCH 15, Beneficial Ownership Information of a Trust (Schedule 15)
Form T3 SCH 130, Excessive Interest and Financing Expenses Limitation (Schedule 130)
Chapter 4 - T3 slip and T3 Summary
How to file the T3 slip and T3 Summary
Distributing the T3 slip
Amending, cancelling, adding, or replacing T3 slips
Recipient identification number
How to fill out the T3 slip
Appendix A
Related information
Index