Trust Income Tax Return (T3)

T3 trust income tax returns

Services d’Impôts Précision Inc. prepares T3 Trust Income Tax and Information Returns for files that require federal and, where applicable, Quebec filings. Filing obligations depend on the type of trust, its income, distributions and the circumstances of the file.

Situations where a T3 return may be required

• An estate that remains under administration after death.
• A testamentary trust or other trust created under a will.
• Personal or family trusts, depending on the engagement.
• Investment income, interest, dividends or capital gains earned by a trust.
• Income or assets administered for beneficiaries.
• Distributions of income or capital to beneficiaries.
• T3 slips where required.

Estates: final T1 and T3 returns

An estate may require more than the deceased taxpayer’s final personal return. When income is earned after death or the estate remains open, a T3 return may be required. We can coordinate the final T1 return and estate trust returns so the different filings are handled together.

Information and documents

Depending on the situation, we may request the will, executor or trustee information, investment statements, trust income and expenses, beneficiary distributions and prior returns. We will identify the required documentation after an initial review of the file.

Remote service throughout Quebec

T3 return preparation can generally be completed remotely. Contact us for an initial discussion and a quote based on the nature and complexity of the trust or estate.