| Protected B when completed | |||||||||||||||||||||||||||||||||
| Type of trust (see the guide for details) | Information about the return | ||||||||||||||||||||||||||||||||
| Enter the type of trust and code number from the drop-down menu and provide the | |||||||||||||||||||||||||||||||||
| required information, as applicable (see the guide for details). | Is this the first year of filing a T3 return? | Yes | 1 |
No | 2 |
||||||||||||||||||||||||||||
| 1 | Graduated Rate Estate (903) | 2 | Qualified Disability Trust (904) | If yes, and unless previously submitted, send us (i) a copy of the trust | |||||||||||||||||||||||||||||
| (Complete Form T3QDT, Joint Election for | document or last will and testament and (ii) a list of assets held by the | ||||||||||||||||||||||||||||||||
| a Trust to be a Qualified Disability Trust). | trust at the fiscal year end, or if the trust is a testamentary trust, at the | ||||||||||||||||||||||||||||||||
| date of death. | |||||||||||||||||||||||||||||||||
| Other types of trust (specify) | 1 | Sent | 2 | With T3APP | 3 | With T1 | |||||||||||||||||||||||||||
| If the trust is designating itself as a Graduated Rate Estate for the year, is electing | |||||||||||||||||||||||||||||||||
| to be a Qualified Disability Trust for the year, or a testamentary trust, complete | If no, for what year was the last return filed? | ||||||||||||||||||||||||||||||||
| this section. | Year | ||||||||||||||||||||||||||||||||
| Date of death | Social insurance number of the deceased | ||||||||||||||||||||||||||||||||
| Is this an amended return? | Yes | 1 |
No | 2 |
|||||||||||||||||||||||||||||
| Year Month Day | |||||||||||||||||||||||||||||||||
| If the trust is an Inter Vivos Trust, complete this section. | Is this the final return of the trust? | Yes | 1 |
No | 2 |
||||||||||||||||||||||||||||
| Date trust was created | Non-profit organization - Business | ||||||||||||||||||||||||||||||||
| Number, if any: | If yes, enter the trust wind-up date. | ||||||||||||||||||||||||||||||||
| Year Month Day | Year Month Day | ||||||||||||||||||||||||||||||||
| Reporting foreign income and property | |||||||||||||||||||||||||||||||||
| If the trust is resident in Canada, you have to report its income from all sources, both inside and outside Canada. | |||||||||||||||||||||||||||||||||
| Did the trust hold specified foreign property at any time in the tax year with a total cost of more than CAN $100,000? | Yes | 1 |
No | 2 |
|||||||||||||||||||||||||||||
| If yes, you may have to complete and attach Form T1135, Foreign Income Verification Statement. For filing requirements, see that form. | |||||||||||||||||||||||||||||||||
| If the trust dealt with a non-resident trust or corporation in the year, contact us at 1-800-959-8281 for more filing requirements. | |||||||||||||||||||||||||||||||||
| Answer the following required questions | Yes | No | |||||||||||||||||||||||||||||||
| 1. | If the trust is a deemed resident trust, is the trust an “electing trust” as defined in section 94? If yes, in what year did the trust elect to have paragraph 94(3)(f) apply and attach a schedule of assets. |
||||||||||||||||||||||||||||||||
| (see the guide). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1 |
2 |
|||||||||||||||||||||||||||||||
| 2. | Does the will, trust document, or court order require the payment to beneficiaries of trust income earned in the current year? | ||||||||||||||||||||||||||||||||
| If yes, complete Schedule 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1 |
2 |
|||||||||||||||||||||||||||||||
| 3. | Did the trust distribute assets other than cash to a beneficiary during the tax year? If yes, send us a note giving a complete description of the property, the name and address of the beneficiary to whom the property was distributed, and the date the property was distributed. If the beneficiary is an individual, provide the beneficiary’s |
||||||||||||||||||||||||||||||||
| social insurance number. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1 |
2 |
|||||||||||||||||||||||||||||||
| 4. | Was there a change to the beneficiaries of the trust that has not been reported to CRA (for example on a schedule 15)? | ||||||||||||||||||||||||||||||||
| If yes, send us a note giving the names of the beneficiaries, social insurance numbers and the date of the change . . . . . . . . . . . . . | 1 |
2 |
|||||||||||||||||||||||||||||||
| 5. | Did the lifetime beneficiary under the trust die in the year? | Year Month Day | |||||||||||||||||||||||||||||||
| If yes, provide the date of death (see the guide for details). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1 |
2 |
|||||||||||||||||||||||||||||||
| 6. | Did the trust borrow money, or incur a debt (including, but not limited to, issuing a promissory note to a beneficiary), in a non-arm’s length transaction? If yes, state the year, and, if during this tax year, send us a note showing the amount |
||||||||||||||||||||||||||||||||
| of the loan, the lender’s name, and the lender’s relationship to the beneficiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1 |
2 |
|||||||||||||||||||||||||||||||
| 7. | For any trust (other than a unit trust) did the ownership of capital or income interests change since 1984? | ||||||||||||||||||||||||||||||||
| If yes, enter the year, and, if during this tax year, send us a note showing the changes . . . . . . . . . . . . . . . . . . . . . . . | 1 |
2 |
|||||||||||||||||||||||||||||||
| 8. | Does the trust hold shares in a private corporation? If yes, and the trust is a personal trust, send us a note giving details of the corporation, including, name, business number |
||||||||||||||||||||||||||||||||
| and the number of shares held . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1 |
2 |
|||||||||||||||||||||||||||||||
| 9. | Did the trust receive any additional property by way of a contribution of property (as defined in the "Definitions" of the guide) since June 22, 2000? |
||||||||||||||||||||||||||||||||
| If yes, enter the year, and, if during this tax year, send us a note giving details . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1 |
2 |
|||||||||||||||||||||||||||||||
| 10. | Does the trust qualify as a public trust or public investment trust that has to post information about the trust on the CDS | ||||||||||||||||||||||||||||||||
| Innovations Inc. web site under section 204.1 of the Income Tax Regulations? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1 |
2 |
|||||||||||||||||||||||||||||||
| 11. | Did the trust use the International Financial Reporting Standards when it prepared its financial statements? . . . . . . . . . . . . . . . . . . | 1 |
2 |
||||||||||||||||||||||||||||||
| 12. | Was this tax year deemed to have ended as a result of a loss restriction event? | Year Month Day | |||||||||||||||||||||||||||||||
| If yes, provide the date of the event (see the guide for details) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1 |
2 |
|||||||||||||||||||||||||||||||
| If the trust is an express trust, or for civil law purposes a trust other than a trust that is established by law or by judgement, which is resident in Canada and answers “Yes” to either question 13 or 14 below, you do not need to complete a T3 Schedule 15, Beneficial ownership information of a trust. |
|||||||||||||||||||||||||||||||||
| 13. | Did the assets held in the trust consist only of those listed in paragraph 150(1.2)(b) | ||||||||||||||||||||||||||||||||
| with a total fair market value not exceeding $50,000 throughout the year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1 |
2 |
|||||||||||||||||||||||||||||||
| 14. | Was the trust required under the relevant rules of professional conduct or the laws of Canada or a province to hold funds for the | ||||||||||||||||||||||||||||||||
| purposes of the activity that is regulated under those rules or laws? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1 |
2 |
|||||||||||||||||||||||||||||||
| Note: this excludes trusts maintained as a separate trust for a particular client or clients. | |||||||||||||||||||||||||||||||||
| T3 RET E (23) | Page 2 of 5 | ||||||||||||||||||||||||||||||||