How to do a Trust Tax Return
This webinar will explain how to do a trust tax return (a T3) and the accompanying schedules and T3 slips
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CPD hours: 2.75
Recorded March 23, 2026.
This webinar will explain how to complete a trust tax return (a T3) and includes:
- What is a trust, a beneficiary, settlor, trustee, graduated rate estate (GRE), qualified disability trust and bare trusts
- how you wind-up a trust and the T1135 foreign reporting form
- Due dates, late filing penalties, the trust account number and types of trusts
- How you complete the T3 jacket and the schedules, and how you input various types of income and credits
- Allocating income and capital (i.e., assets) to the beneficiaries of the trust
- How to fill out Schedule 15, T3 slips and the T3 Summary, and
- What happens after you file a return, instalments and correcting errors using a T3-Adj
