Trust income tax return

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.

New reporting requirements for trusts

All trusts, unless specific conditions are met, must file a trust return for tax years ending after December 30, 2023. Many trusts, will need to file for the first time.

Refer to: New reporting requirements for trusts FAQ

Services and information

Filing a trust return

Find out who should file, when to file, how to file, and where to file a trust return.

Tax year-end and fiscal period

Find out what the tax year-end is for different types of trust and how to change a fiscal period.

Submitting and filing documents online related to trusts

Find out how to submit and file documents online.

When to pay a balance you owe on your trust return

Find out when to pay a balance owing.

Residency and how to contact us

Find out about the residency status of a trust and how to get more information.

Clearance certificate

Find out when you need a clearance certificate and what forms to use.

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