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Trusts use the T3 slip, Statement of Trust Income Allocations and Designations, to identify beneficiaries and to report amounts such as income and credits that the trust designates to them. Three individual slips are printed on each page or sheet of the form. They are intended to be filled out by laser or ink jet printers, by typing or by hand.
- When to Prepare a T3 Slip
The T3 slip has three individual slips printed on each...
- When to Prepare a T3 Slip
If you received a T3 or T5 slip for a joint investment account, you can share the slip with others in your account. Here’s how: In the first return, enter all the boxes exactly as they appear on the T3 or T5 slip. Indicate the first person’s share of the income in the purple section at the bottom of the slip. Use the drop-down box to select ...
- Overview
- Amending or cancelling T3 slips over the internet
- Adding T3 slips
- Replacing T3 slips
- Forms and publications
After filing your T3 slips, you may notice an error on a trust-related slip. If so, you will have to prepare an amended slip to correct the information. Provide copies to the recipient. Do not include slips that have no changes.
If you prepare and issue an amended T3 slip after you have filed the original slip with us, you may have to file an amended T3 Summary. If there is a change to the amounts in the boxes shown on the front of the summary, file an amended T3 Summary. If the amended T3 slip affects the amounts shown on the T3 Trust Income Tax and information Return, or on Schedule 9, Income Allocations and Designations to Beneficiaries, do not file another T3 return. Instead, send us a completed Form T3-ADJ, T3 Adjustment Request, or a letter providing the details of the change. Indicate the tax year you want us to change and send us any supporting documents. Include the trust’s account number on the letter.
To amend a T3 slip over the Internet, change only the information that is incorrect and retain all of the remaining information that was originally submitted. Use summary report type code “A” and slip report type code “A.”
To cancel a slip, do not change any information that was contained on the original slip. Use summary report type code “A” and slip report type code “C.”
After you file your T3 return, you may discover that you need to send us additional T3 slips. If you have original T3 slips that were not filed with your return, file them separately either electronically or on paper.
If you file additional slips on paper, clearly identify the new slips by writing "ADDITIONAL" at the top of each slip. Send one copy of the additional slips to any tax centre. Do not file an additional summary.
If you issue slips to replace copies that are lost or destroyed, do not send us copies of those slips. Send two copies to the beneficiary. Clearly identify them as "DUPLICATE" copies, and keep a copy of each slip for your records.
•Guide T4013, T3 Trust Guide
•Form T3, Statement of Trust Income Allocations and Designations
•Form T3SUM, Summary of Trust Income Allocations and Designations
•T3RET T3 Trust Income Tax and Information Return
•T3SCH9 Income Allocations and Designations to Beneficiaries
•T3-ADJ T3 Adjustment Request
If you choose to file your return on paper, mail it to the following address: Jonquière Taxation Centre T3 Program. PO Box LCD 1300. Jonquière QC G7S 0L5. Complete one copy of the T3 slip for each recipient and send your slips with your T3 Summary. Enter the information for two different recipients on one sheet.
You can provide recipients with a digital copy of their T3 slips only if the recipient gives you their consent in writing or by email. If you fail to distribute the T3 slip or any other trust-related information slip to a recipient by the due date, you will be liable for a penalty. For more information, see "Penalties and interest" on page 23.
Apr 22, 2024 · The T3 tax form, or the T3 slip, is a form you need to issue to your trust’s beneficiaries to report amounts, such as their designated income and credits. In Quebec, beneficiaries receive anRL-16. The T3 slip is important for your trust and also the beneficiaries. Beneficiaries use the information on this form to report trust income on their ...
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Jan 12, 2024 · Create Separate PDF Files for Each Slip Recipient. To create PDF files for slip recipients, modify the Employee copy or Recipient copy print set (the name changes depending on the type of slip you are printing—this example uses T4 slips). You can either do this in Print/PDF Options for the slip type, or directly from the Print sidebar:
