T4013 T3 Trust Guide 2023

Some trusts that filed a T3 return after March 30 and before April 3, 2024 with a T3SCH15 (Beneficial Ownership Information of a Trust) have been charged a penalty in error. We are currently reassessing affected accounts to remove the penalty and a notice of reassessment will be issued.

Bare trusts are exempt from trust reporting requirements for 2023. Find out more: New – Bare trusts are exempt from trust reporting requirements for 2023 - Canada.ca.