T1135 Foreign Income Verification Statement and Related Statistics

Introduction

The following tables represent a modification of a collection of datasets provided by the Canada Revenue Agency in response to a request from the Parliamentary Budget Officer in February 2018. The statistics contain information about entities that filed either a T1 Individual Income Tax and Benefit Return, a T2 Corporation Income Tax Return, a T3 Trust Income Tax and Information Return or the T1135 Foreign Income Verification Statement.

Explanatory notes

Coverage

The statistics included in these tables cover returns with tax years that ended in 2011 to 2015.

Confidentiality

To ensure the protection of taxpayer information, data have been suppressed where warranted. As well, counts are rounded to the nearest multiple of 10. For example, 104 would be rounded to 100 and 105 would be rounded to 110. Dollar amounts are rounded and in thousands in all tables. Totals may not add up due to rounding or suppression.

Data sources

The statistical tables in this report reflect income tax returns filed and assessed or reassessed for the tax years that ended in 2011 to 2015. The data used to produce the tables are derived from the information reported on the following forms:

Changes that impact the data

For all changes in legislation that have occurred during the 2011 to 2015 period, please consult the Department of Finance website.

Description of items/variables

Age

The age of the tax filer is determined from the reported year of birth on page 1 of the T1 Income Tax and Benefit Return.

Corporation type

Each corporation filing a T2 return must indicate the type of corporation it is at the end of each tax year. The type of the corporation is determined using the information reported on line 40 of the T2 Corporation Income Tax Return. For more information see Guide T4012, T2 Corporation — Income Tax Guide.

Entity type

The entity type is determined using the information reported in the Identification section of the T1135 Foreign Income Verification Statement.

Jurisdiction

T1: The provincial and territorial jurisdictions used are determined by the province of taxation as of December 31st of the tax year. These are identified in Step 1 (Identification and other information) of the T1 Income Tax and Benefit Return.

T3: The provincial and territorial jurisdictions used are those identified in Step 1 (identification and other required information) of the T3 Trust Income Tax and Information Return.

Net income

T3: Amounts included in these tables are those reported on line 50 of the T3 Trust Income Tax and Information Return.

North American Industrial Classification System (NAICS) sector groupings

Corporations are assigned an industry code based on their major business activity in accordance with the NAICS. Industry groupings are based on the 2012 NAICS coding system according to the filer's most recent assigned industry code. For the purpose of these tables, corporations that have yet to be assigned a NAICS code by Statistics Canada have been classified as “Missing”. The groupings are based on the first two digits of the NAICS code. For more information on NAICS codes and groupings, refer to Statistics Canada's website.

Specified foreign property

If, at any time in the year, the corporation owned or held specified foreign property where the total cost of all such property was more than CAN$100,000, Form T1135 Foreign Income Verification Statement must be completed. For more information on the types of specified foreign properties see T1135 Foreign Income Verification Statement

Specified foreign property income

It is the total income earned on all or any one (whichever is applicable) specified foreign property held in the account at any time during the particular tax year, as reported on the T1135 Foreign Income Verification Statement.

Taxable income

T2: Amounts included in these tables are those reported on line 360 of the T2 Corporation Income Tax Return

Tax year

A tax year includes all returns with a tax year-end in the calendar year. For example, all amounts relating to a return covering the period between September 1, 2011, and August 30, 2012, will be included in these tables in the 2012 tax year.

Total gain (loss) on disposition of specified foreign property

It is the total gross gain or loss realized on the disposition of all or any one (whichever is applicable) specified foreign property held in the account at any time during the particular tax year, as reported on the T1135 Foreign Income Verification Statement.

Total income

T1: Amounts included in these tables are those reported on line 150 of the T1 Income Tax and Benefit Return

Types of trusts

A trust is either a testamentary trust or an inter vivos trust. Each trust has different tax rules. For more information and definitions on the various trust types, see the T3 Trust Guide. For previous years see: Archived T3 trust guides

Tables in PDF format

Please see the explanatory notes for these tables.

Tables in CSV format

Please see the explanatory notes for these tables.

Footnotes for tables 1, 3, 5, 7, and 9:

  1. Province is determined by the province of taxation as of December 31st of the tax year.
  2. Total Income (line 150 of the T1 Income Tax and Benefit Return).
  3. This information is based on the data that were available as of end of January, Tax Year + 2. For example the cut-off date for tax year 2015 is end of January 2017.
  4. Income data were taken from income tax returns and related schedules filed by individuals for the 2011-2015 tax years. Tax Filers used the following types of returns for the 2011-2015 tax years:
    • T1 Income Tax and Benefit Return.
  5. All data are based on the initial assessment.
  6. All data are subject to change due to new assessments.
  7. A dash [-] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
  8. Counts are rounded to the nearest ten.
  9. Amounts are rounded and in thousands of dollars.

Footnotes for tables 2, 4, 6, 8 and 10:

  1. Province is determined by the province of taxation as of December 31st of the tax year.
  2. Total Income (line 150 of the T1 Income Tax and Benefit Return).
  3. This information is based on the data that were available as of the December 31st, Tax Year + 1. For example the cut-off date for tax year 2015 is December 31st 2016.
  4. Income data were taken from income tax returns and related schedules filed by individuals for the 2011-2015 tax years. Tax Filers used the following types of returns for the 2011-2015 tax years:
    • T1 Income Tax and Benefit Return.
  5. All data are based on the most current (re)assessment.
  6. All data are subject to change due to new assessments or re-assessments.
  7. A dash [-] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
  8. Counts are rounded to the nearest ten.
  9. Amounts are rounded and in thousands of dollars.

Footnotes for tables 11, 13, 15, 17 and 19:

  1. Province is determined by the province of taxation as of December 31st of the tax year.
  2. Total Income (line 150 of the T1 Income Tax and Benefit Return).
  3. This information is based on the data that were available as of end of January, Tax Year + 2. For example the cut-off date for tax year 2015 is end of January 2017.
  4. Income data were taken from income tax returns and related schedules filed by individuals for the 2011-2015 tax years. Tax Filers used the following types of returns for the 2011-2015 tax years:  
    • T1 Income Tax and Benefit Return.
    • T1135 Foreign Income Verification Statement.
  5. All data are based on the initial assessment.
  6. All data are subject to change due to new assessments.
  7. Linkage of the T1 data to the T1135 data is determined by a direct link of the individual's SIN, or if they indicated 'YES' on line 266 of the T1 Income Tax and Benefit Return.     
    • Line 266 states "Did you own or hold specified foreign property where the total cost amount of all such property, at any time in [tax year] was more than CAN$100,000?"
    • This line is available for tax years 2012 and onward, therefore it was not used in the consideration of the T1125 linkage for tax year 2011
  8. A dash [-] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
  9. Counts are rounded to the nearest ten.
  10. Amounts are rounded and in thousands of dollars.

Footnotes for tables 12, 14, 16, 18 and 20:

  1. Province is determined by the province of taxation as of December 31st of the tax year.
  2. Total Income (line 150 of the T1 Income Tax and Benefit Return).
  3. This information is based on the data that were available as of the December 31st, Tax Year + 1. For example the cut-off date for tax year 2015 is December 31st 2016.  
  4. Income data were taken from income tax returns and related schedules filed by individuals for the 2011-2015 tax years. Tax Filers used the following types of returns for the 2011-2015 tax years:  
    • T1 Income Tax and Benefit Return.
    • T1135 Foreign Income Verification Statement.
  5. All data are based on the initial assessment.
  6. All data are subject to change due to new assessments.
  7. Linkage of the T1 data to the T1135 data is determined by a direct link of the individual's SIN, or if they indicated 'YES' on line 266 of the T1 Income Tax and Benefit Return.      
    • Line 266 states "Did you own or hold specified foreign property where the total cost amount of all such property, at any time in [tax year] was more than CAN$100,000?"
    • This line is available for tax years 2012 and onward, therefore it was not used in the consideration of the T1125 linkage for tax year 2011
  8. A dash [-] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
  9. Counts are rounded to the nearest ten.
  10. Amounts are rounded and in thousands of dollars.

Footnotes for tables 21, 23, 25, 27 and 29:

  1. Province is determined by the province of taxation as of December 31st of the tax year.
  2. Total Income (line 150 of the T1 Income Tax and Benefit Return).
  3. This information is based on the data that were available as of end of January, Tax Year + 2. For example the cut-off date for tax year 2015 is end of January 2017.
  4. Income data were taken from income tax returns and related schedules filed by individuals for the 2011-2015 tax years. Tax Filers used the following types of returns for the 2011-2015 tax years:
    • T1 Income Tax and Benefit Return.
    • T3 Statement of Trust Income Allocations and Designations
  5. All data are based on the initial assessment.
  6. All data are subject to change due to new assessments.
  7. A dash [-] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
  8. Counts are rounded to the nearest ten.
  9. Amounts are rounded and in thousands of dollars.
  10. Linkage of the T1 data to the T3 data is determined by a direct link of the individual's Social Insurance Number.

Footnotes for tables 22, 24, 26, 28 and 30:

  1. Province is determined by the province of taxation as of December 31st of the tax year.
  2. Total Income (line 150 of the T1 Income Tax and Benefit Return).
  3. This information is based on the data that were available as of the December 31st, Tax Year + 1. For example the cut-off date for tax year 2015 is December 31st 2016.
  4. Income data were taken from income tax returns and related schedules filed by individuals for the 2011-2015 tax years. Tax Filers used the following types of returns for the 2011-2015 tax years:
    • T1 Income Tax and Benefit Return.
    • T3 Statement of Trust Income Allocations and Designations
  5. All data are based on the most current (re)assessment.
  6. All data are subject to change due to new assessments or re-assessments.
  7. A dash [-] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
  8. Counts are rounded to the nearest ten.
  9. Amounts are rounded and in thousands of dollars.
  10. Linkage of the T1 data to the T3 data is determined by a direct link of the individual's Social Insurance Number.

Footnotes for tables 31, 32, 33 and 34:

  1. This information is based on the data that were available as of December 31st, 2017.
  2. Income data were taken from income tax returns and related schedules filed by corporations for the 2011-2015 tax years. Tax filers used the following type of return for the 2011-2015 tax years: T2 Income Tax Return.
  3. Data are subject to change due to newly-assessed returns, reassessments, restatements and loss carry-backs.
  4. Data for tax year 2015 are approximately 97% complete; tax years 2011-2014 are approximately 99% complete. The tax years are considered not complete because the CRA still expects to receive T2 returns from late filers for these tax years.
  5. Most current assessments include all tax filer and/or CRA initiated activities that would result in a change to taxable income.
  6. Loss carry-backs have been subtracted from taxable income reported.
  7. Tax filers may submit incomplete returns to the CRA and complete the return after the initial filing. As a result, the initial taxable income is reported as zero even though the tax filer eventually does claim taxable income. This will result in understating the amount of taxable income reported in the data. The reader should be aware of this data limitation. The reported taxable income should be used with caution.
  8. Included in this analysis are all T2 returns linked to the T1135. A T2 return is considered linked to a schedule T1135 if the tax filer indicates "Yes" on line 259 of the T2 Income Tax Return. Line 259 asks the tax filer "Did the corporations own specified foreign property in the year with a cost amount over $100,000?" or if the corporation filed a T1135 - Foreign Income Verification Statement with the CRA.

Footnotes for tables 35, 36, 37 and 38:

  1. This information is based on the data that were available as of December 31st, 2017.
  2. Income data were taken from income tax returns and related schedules filed by corporations for the 2011-2015 tax years. Tax filers used the following type of return for the 2011-2015 tax years: T2 Income Tax Return.
  3. Data are subject to change due to newly-assessed returns, reassessments, restatements and loss carry-backs.
  4. Data for tax year 2015 are approximately 97% complete; tax years 2011-2014 are approximately 99% complete. The tax years are considered not complete because the CRA still expects to receive T2 returns from late filers for these tax years.
  5. Most current assessments include all tax filer and/or CRA initiated activities that would result in a change to taxable income.
  6. Loss carry-backs have been subtracted from taxable income reported.
  7. Tax filers may submit incomplete returns to the CRA and complete the return after the initial filing. As a result, the initial taxable income is reported as zero even though the tax filer eventually does claim taxable income. This will result in understating the amount of taxable income reported in the data. The reader should be aware of this data limitation. The reported taxable income should be used with caution.
  8. Included in this analysis are all T2 returns not linked to the T1135. A T2 return is considered not linked to a schedule T1135 if the tax filer indicates "No" on line 259 of the T2 Income Tax Return. Line 259 asks the tax filer "Did the corporations own specified foreign property in the year with a cost amount over $100,000?" and if the corporation did not file a T1135 - Foreign Income Verification Statement with the CRA.

Table 1 - T1 Personal Income Tax Data by Province, Income and Age Range, Initially Assessed - Not Linked, 2011

Table 2 - T1 Personal Income Tax Data by Province, Income and Age Range, Most Current Assessment - Not Linked, 2011

Table 3 - T1 Personal Income Tax Data by Province, Income and Age Range, Initially Assessed - Not Linked, 2012

Table 4 - T1 Personal Income Tax Data by Province, Income and Age Range, Most Current Assessment - Not Linked, 2012

Table 5 - T1 Personal Income Tax Data by Province, Income and Age Range, Initially Assessed - Not Linked, 2013

Table 6 - T1 Personal Income Tax Data by Province, Income and Age Range, Most Current Assessment - Not Linked, 2013

Table 7 - T1 Personal Income Tax Data by Province, Income and Age Range, Initially Assessed - Not Linked, 2014

Table 8 - T1 Personal Income Tax Data by Province, Income and Age Range, Most Current Assessment - Not Linked, 2014

Table 9 - T1 Personal Income Tax Data by Province, Income and Age Range, Initially Assessed - Not Linked, 2015

Table 10 - T1 Personal Income Tax Data by Province, Income and Age Range, Most Current Assessment - Not Linked, 2015

Table 11 - T1 Personal Income Tax Data by Province, Income and Age Range, Initially Assessed - Linked to T1135, 2011

Table 12 - T1 Personal Income Tax Data by Province, Income and Age Range, Most Current Assessment - Linked to T1135, 2011

Table 13 - T1 Personal Income Tax Data by Province, Income and Age Range, Initially Assessed - Linked to T1135, 2012

Table 14 - T1 Personal Income Tax Data by Province, Income and Age Range, Most Current Assessment - Linked to T1135, 2012

Table 15 - T1 Personal Income Tax Data by Province, Income and Age Range, Initially Assessed - Linked to T1135, 2013

Table 16 - T1 Personal Income Tax Data by Province, Income and Age Range, Most Current Assessment - Linked to T1135, 2013

Table 17 - T1 Personal Income Tax Data by Province, Income and Age Range, Initially Assessed - Linked to T1135, 2014

Table 18 - T1 Personal Income Tax Data by Province, Income and Age Range, Most Current Assessment - Linked to T1135, 2014

Table 19 - T1 Personal Income Tax Data by Province, Income and Age Range, Initially Assessed - Linked to T1135, 2015

Table 20 - T1 Personal Income Tax Data by Province, Income and Age Range, Most Current Assessment - Linked to T1135, 2015

Table 21 - T1 Personal Income Tax Data by Province, Income and Age Range, Initially Assessed - Linked to T3, 2011

Table 22 - T1 Personal Income Tax Data by Province, Income and Age Range, Most Current Assessment - Linked to T3, 2011

Table 23 - T1 Personal Income Tax Data by Province, Income and Age Range, Initially Assessed - Linked to T3, 2012

Table 24 - T1 Personal Income Tax Data by Province, Income and Age Range, Most Current Assessment - Linked to T3, 2012

Table 25 - T1 Personal Income Tax Data by Province, Income and Age Range, Initially Assessed - Linked to T3, 2013

Table 26 - T1 Personal Income Tax Data by Province, Income and Age Range, Most Current Assessment - Linked to T3, 2013

Table 27 - T1 Personal Income Tax Data by Province, Income and Age Range, Initially Assessed - Linked to T3, 2014

Table 28 - T1 Personal Income Tax Data by Province, Income and Age Range, Most Current Assessment - Linked to T3, 2014

Table 29 - T1 Personal Income Tax Data by Province, Income and Age Range, Initially Assessed - Linked to T3, 2015

Table 30 - T1 Personal Income Tax Data by Province, Income and Age Range, Most Current Assessment - Linked to T3, 2015

Table 31 - T2 Corporate Income Tax Data by Taxable Income, Linked to T1135

Table 32 - T2 Corporate Income Tax Data by Corporation Type, Linked to T1135

Table 33 - T2 Corporate Income Tax Data by NAICS, Linked to T1135

Table 34 - T2 Corporate Income Tax Data by Resident of Canada, Linked to T1135

Table 35 - T2 Corporate Income Tax Data by Taxable Income, Not Linked

Table 36 - T2 Corporate Income Tax Data by Corporation Type, Not Linked

Table 37 - T2 Corporate Income Tax Data by NAICS, Not Linked

Table 38 - T2 Corporate Income Tax Data by Resident of Canada, Not Linked

Table 39 - Number of T1135 Filers by Entity Filing Type

  1. This information is based on the data that were available as of February, 2018.
  2. Data were taken from the T1135 Foreign Income Verification Statement.
  3. These are data as of February 2018. However, filings and compliance activities that occur subsequent to this date could affect the amounts presented above.
  4. The 2013 version of the T1135 form included the following T3/T5 reporting exclusion: Where the taxpayer has received, or will receive, a T3 or T5 from a Canadian issuer for all of the income earned in respect of a specified foreign property for the particular tax year, that specified foreign property may be excluded from the Form T1135 reporting requirement for that tax year.

Table 40 - Income and Gain (loss) on the Disposition of Specified Foreign Property

  1. This information is based on the data that were available as of February, 2018.
  2. Data were taken from the T1135 Foreign Income Verification Statement.
  3. These are data as of February 2018. However, filings and compliance activities that occur subsequent to this date could affect the amounts presented above.
  4. All currency figures are converted to Canadian dollars ($CAD) using Bank of Canada's average foreign exchange rate.
  5. "Not Applicable" refers to information that is not requested on the form.
  6. For form versions 2013 and later, a corporation can elect to use a functional currency other than the Canadian Dollar (CAD). The functional currency is often not consistently provided; in many cases, the response is "Unknown/Invalid", "Not applicable" or "Not provided". Data user may assume that were a functional currency is not specified, then the given amount is deemed the Canadian dollar.
  7. The T1135 form has been modified over the years. Updates to the forms have occurred for the 2013, 2014, 2015, and 2016 tax years. Not all tax filers use the most current T1135 version when filing. These make longitudinal comparisons difficult.
  8. The 2013 version of the T1135 form included the following T3/T5 reporting exclusion: Where the taxpayer has received, or will receive, a T3 or T5 from a Canadian issuer for all of the income earned in respect of a specified foreign property for the particular tax year, that specified foreign property may be excluded from the Form T1135 reporting requirement for that tax year.             

Table 41 - Total Gain (loss) from the Disposition of all Specified Foreign Property, Top Three countries, Tax Year 2011

  1. This information is based on the data that were available as of February, 2018.
  2. Data were taken from the T1135 Foreign Income Verification Statement.
  3. These are data as of February 2018. However, filings and compliance activities that occur subsequent to this date could affect the amounts presented above.
  4. All currency figures are converted to Canadian dollars ($CAD) using Bank of Canada's average foreign exchange rate.
  5. For form versions 2013 and later, a corporation can elect to use a functional currency other than the Canadian Dollar (CAD). The functional currency is often not consistently provided; in many cases, the response is "Unknown/Invalid", "Not applicable" or "Not provided". Data user may assume that were a functional currency is not specified, then the given amount is deemed the Canadian dollar.
  6. The T1135 form has been modified over the years. Updates to the forms have occurred for the 2013, 2014, 2015, and 2016 tax years. Not all tax filers use the most current T1135 version when filing. These make longitudinal comparisons difficult.
  7. In the "Total Gain (loss) from the disposition from all specified foreign property by top three country codes" table, the top three country codes are based on frequency.

Table 42 - Total Gain (loss) from the Disposition of all Specified Foreign Property, Top Three countries, Tax Year 2012

  1. This information is based on the data that were available as of February, 2018.
  2. Data were taken from the T1135 Foreign Income Verification Statement.
  3. These are data as of February 2018. However, filings and compliance activities that occur subsequent to this date could affect the amounts presented above.
  4. All currency figures are converted to Canadian dollars ($CAD) using Bank of Canada's average foreign exchange rate.
  5. For form versions 2013 and later, a corporation can elect to use a functional currency other than the Canadian Dollar (CAD). The functional currency is often not consistently provided; in many cases, the response is "Unknown/Invalid", "Not applicable" or "Not provided". Data user may assume that were a functional currency is not specified, then the given amount is deemed the Canadian dollar.
  6. The T1135 form has been modified over the years. Updates to the forms have occurred for the 2013, 2014, 2015, and 2016 tax years. Not all tax filers use the most current T1135 version when filing. These make longitudinal comparisons difficult.
  7. In the "Total Gain (loss) from the disposition from all specified foreign property by top three country codes" table, the top three country codes are based on frequency.
  8. In the "Total Gain (loss) from the disposition from all specified foreign property by top three country codes" table; when two country codes are provided in a single cell, the first is associated to income; the second is associated to Gain (loss) of disposition.

Table 43 - Total Gain (loss) from the Disposition of all Specified Foreign Property, Top Three countries, Tax Year 2013

  1. This information is based on the data that were available as of February, 2018.
  2. Data were taken from the T1135 Foreign Income Verification Statement.
  3. These are data as of February 2018. However, filings and compliance activities that occur subsequent to this date could affect the amounts presented above.
  4. All currency figures are converted to Canadian dollars ($CAD) using Bank of Canada's average foreign exchange rate.
  5. For form versions 2013 and later, a corporation can elect to use a functional currency other than the Canadian Dollar (CAD). The functional currency is often not consistently provided; in many cases, the response is "Unknown/Invalid", "Not applicable" or "Not provided". Data user may assume that were a functional currency is not specified, then the given amount is deemed the Canadian dollar.
  6. The T1135 form has been modified over the years. Updates to the forms have occurred for the 2013, 2014, 2015, and 2016 tax years. Not all tax filers use the most current T1135 version when filing. These make longitudinal comparisons difficult.
  7. The 2013 version of the T1135 form included the following T3/T5 reporting exclusion: Where the taxpayer has received, or will receive, a T3 or T5 from a Canadian issuer for all of the income earned in respect of a specified foreign property for the particular tax year, that specified foreign property may be excluded from the Form T1135 reporting requirement for that tax year. 8. In the "Total Gain (loss) from the disposition from all specified foreign property by top three country codes" table, the top three country codes are based on frequency.
  8. In the "Total Gain (loss) from the disposition from all specified foreign property by top three country codes" table; when two country codes are provided in a single cell, the first is associated to income; the second is associated to Gain (loss) of disposition.

Table 44 - Total Gain (loss) from the Disposition of all Specified Foreign Property, Top Three countries, Tax Year 2014

  1. This information is based on the data that were available as of February, 2018
  2. Data were taken from the T1135 Foreign Income Verification Statement.
  3. These are data as of February 2018. However, filings and compliance activities that occur subsequent to this date could affect the amounts presented above.
  4. All currency figures are converted to Canadian dollars ($CAD) using Bank of Canada's average foreign exchange rate.
  5. For form versions 2013 and later, a corporation can elect to use a functional currency other than the Canadian Dollar (CAD). The functional currency is often not consistently provided; in many cases, the response is "Unknown/Invalid", "Not applicable" or "Not provided". Data user may assume that were a functional currency is not specified, then the given amount is deemed the Canadian dollar.
  6. The T1135 form has been modified over the years. Updates to the forms have occurred for the 2013, 2014, 2015, and 2016 tax years. Not all tax filers use the most current T1135 version when filing. These make longitudinal comparisons difficult.
  7. In the "Total Gain (loss) from the disposition from all specified foreign property by top three country codes" table, the top three country codes are based on frequency.
  8. In the "Total Gain (loss) from the disposition from all specified foreign property by top three country codes" table; when two country codes are provided in a single cell, the first is associated to income; the second is associated to Gain (loss) of disposition.

Table 45 - Net Income and Number of Trusts by Income Range, Tax Years 2011 to 2015

  1. Income range is based on the net income reported by the trust
  2. Counts only include trusts that filed the T3 Trust Income Tax and Information Return
  3. Amounts include all trust income tax returns that were assessed or reassessed during the period
  4. Amounts and income ranges are calculated using line 50 of the T3 Trust Income Tax and Information Return
  5. Data are as of December 2017
  6. Data are presented on a tax year basis and are subject to change
  7. Amounts are rounded and in thousands of dollars
  8. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality
  9. Counts are rounded to the nearest 10

Table 46 - Number of Trusts by Type, Tax Years 2011 to 2015

  1. Counts include all trust income tax returns that were assessed or reassessed during the period
  2. Counts only include trusts that filed a T3 Trust Income Tax and Information Return
  3. Data are as of December 2017
  4. Data are presented on a tax year basis and are subject to change
  5. RRSP = Registered retirement savings plan, RRIF = Registered retirement income fund, RESP = Registered education savings plan, RDSP = Registered disability savings plan, created in 2009, TFSA = Tax-free savings account, created in 2009, SIFT = Specified investment flow-through, created in 2007
  6. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality
  7. A dash [-] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros
  8. Counts are rounded to the nearest ten

Table 47 - Net Income by Trust Type, Tax Years 2011 to 2015

  1. Amounts include all trust income tax returns that were assessed or reassessed during the period
  2. Amounts are calculated using line 50 of the T3 Trust Income Tax and Information Return3. Data are as of December 2017
  3. Data are presented on a tax year basis and are subject to change
  4. RRSP = Registered retirement savings plan, RRIF = Registered retirement income fund, RESP = Registered education savings plan, RDSP = Registered disability savings plan, created in 2009, TFSA = Tax-free savings account, created in 2009, SIFT = Specified investment flow-through, created in 2007
  5. Amounts are rounded and in thousands of dollars
  6. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality
  7. A dash [-] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros

Table 48 - Number of Trusts by Jurisdiction, Tax Years 2011 to 2015

  1. Counts include all trust income tax returns that were assessed or reassessed during the period
  2. Counts only include trusts that filed a T3 Trust Income Tax and Information Return
  3. Data are as of December 2017
  4. Data are presented on a tax year basis and are subject to change
  5. The provincial and territorial jurisdictions used are those identified in Step 1 (identification and other required information) of the T3 Trust Income Tax and Information Return
  6. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality
  7. Counts are rounded to the nearest ten

Table 49 - Net Income of Trusts by Jurisdiction, Tax Years 2011 to 2015

  1. Amounts include all trust income tax returns that were assessed or reassessed during the period
  2. Amounts are calculated using line 50 of the T3 Trust Income Tax and Information Return
  3. Data are as of December 2017
  4. Data are presented on a tax year basis and are subject to change
  5. The provincial and territorial jurisdictions used are those identified in Step 1 (identification and other required information) of the T3 Trust Income Tax and Information Return
  6. Amounts are rounded and in thousands of dollars
  7. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality

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