T3 Statement of Trust Income Allocations and Designations – slip information for individuals

For detailed information on the amounts shown in the boxes of your T3 slip, see the corresponding box number below the following image:

T3 slip image

T3 slip

Boxes 23, 49, 32, 50, 39, and 51 – Dividends from Canadian corporations

Report as income the amounts shown in box 32 and box 50 on line 120 and show the amount in box 32 on line 180 of your return.

The federal dividend tax credit to which you are entitled is the total of box 39 and box 51 and can be claimed at line 425 of your Schedule 1.

Box 21 – Capital gain

Subtract any amount in box 30 from the amount in box 21. Include the difference on line 176 of Schedule 3.

All or part of the amount in box 21 may be foreign non-business income, which will be footnoted. Include any footnoted amount for foreign non-business income on line 433 of Form T2209, Federal Foreign Tax Credits.

Box 30 – Capital gains eligible for deduction

Include the footnoted amounts for qualified small business corporation shares, qualified farm or fishing property on the relevant lines of Schedule 3.

Box 26 – Other income

Subtract any amount in box 31 from the amount in box 26. Include the difference on line 130 of your return.

Other information

Box 22 – Lump-sum pension income

Include this amount on line 130 of your return.

This amount may be transferred to an RRSP or RPP.

For more information, see Guide T4040, RRSPs and Other Registered Plans for Retirement.

Box 24 - Foreign business income

Include this amount on line 135 of your return and on Form T2209, Federal Foreign Tax Credits.

Box 25 - Foreign non-business income

Include this amount on line 121 of your return and on line 433 of Form T2209, Federal Foreign Tax Credits.

Box 31 - Qualifying pension income

Include this amount on line 115 of your return and in the calculation for line 314 of Schedule 1.

Box 33 - Foreign business income tax paid

Include this amount on line 4 of Form T2209, Federal Foreign Tax Credits.

Box 34 - Foreign non-business income tax paid

Include this amount on line 1 of Form T2209, Federal Foreign Tax Credits.

Box 35 - Eligible death benefits

This amount is included in box 26.

You may be able to exclude up to $10,000 from income. See line 130.

Box 37 - Insurance segregated fund net capital losses

Include this loss on line 176 of Schedule 3.

Box 38 - Part XII.2 tax credit

Include this amount on line 456 of your return.

Boxes 40, 41, and 43 – Investment tax credit

Include these amounts on Form T2038(IND), Investment Tax Credit (Individuals). See the statement provided by the trust for information on the code number.

Box 42 – Amount resulting in cost base adjustment

This amount represents a distribution or return of capital from the trust. Follow the instructions in the footnote area and adjust the cost base of the property at the end of the tax year. For more information, see Information Sheet RC4169, Tax Treatment of Mutual Funds for Individuals.

Box 46 - Pension income qualifying for an eligible annuity for a minor

This amount is already included in box 26.

For more information, see Guide T4040, RRSPs and Other Registered Plans for Retirement.

Box 47 - Retiring allowance qualifying for transfer to an RPP or RRSP

This amount is already included in box 26.

For more information, see Guide T4040, RRSPs and Other Registered Plans for Retirement.

Box 48 - Eligible amount of charitable donations 

Depending on the type of donation, include this amount on line 337, 339, 340 or 342 of Schedule 9, whichever applies.

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