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.

New reporting requirements for trusts

All trusts, unless specific conditions are met, must file a trust return and schedule 15 for tax years ending after December 30, 2023. For bare trusts, the CRA has waived the requirement for the 2023 tax year and is working to clarify the reporting requirements for 2024 and beyond. For more information 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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