Hi @vsvksharon
Thanks for your question. The full summary of your tax return is available at the in the final review stage of your return. This is completed right before you NETFILE. On this screen, you'll also be able to go back into your return should you need to make any edits or additions.
For your T3's specifically, the TurboTax blog has a comprehensive summary of T3's.
How do I file a T3 return?
Here are the steps to guide you through the filing process:
1. Know your deadline
You must file the T3 return by the deadline, which is no later than 90 days after the trust’s tax year end. Ensure you meet this deadline and include any payments for balances owing.
2. Gather necessary documents
Collect all essential documents, including the trust deed, financial statements, supporting schedules, and forms. Compile financial statements reflecting the trust’s income, deductions, and allocations.
3. Complete tax forms
Fill out the required forms, including:
You also need to report beneficial ownership information on Schedule 15.
- Submit the return: File your T3 return electronically or by traditional mail. For electronic filing, you need to fill out form T183TRUST Information Return. Consider using a My Trust Account for efficient filing, which allows you to view and edit trust information.
- Estimate income if necessary: If you haven’t received all relevant information slips, you can estimate the income. However, if differences occur between your estimations and later received information slips, you must file for reassessment and submit the required documents to the CRA.
If your trust is filing taxes for the first time, it will need a Trust Account Number to file a T3 return electronically.
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