After you file

Assessment

The Canada Revenue Agency (CRA) will review the return to ensure compliance and accuracy.

If there are errors or additional information is needed, the CRA may contact the trustee.

Taxes owing

Generally, you have to pay any taxes you owe on a T3 return no later than 90 days after the trust's tax year-end.

Your payment is considered on time if we receive it on or before the next business day.

When the due date for payment falls on a Saturday, Sunday or a public holiday recognized by the CRA, your payment is considered on time if the CRA receives it on, or it is processed at a Canadian financial institution on or before the next business day.

To pay a balance due on your return, visit Make a Payment.

Final T3 return

You have to pay any taxes you owe no later than 90 days after the trust's wind-up (discontinuation) date.

Post-filing activities

• Keep records of the filed return and all supporting documents for future reference or potential audits. Refer to: What are records, who has to keep them and why it is important
• Make any necessary adjustments or amendments if errors are discovered after filing. Refer to: Reassessments in the T3 Trust Guide
• Monitor the status of the return and respond to any CRA inquiries promptly in My Trust Account.