T3 joint account - Each owner of a joint account ( in
this case 3 of you) is required to report their individual portion of the total
income (interest, dividends, capital gains, return of capital) according to the
same ratio as their proportionate contribution of funds to the joint account.
Although a single T3 tax slip may be issued for your joint
account in your name with your SIN#, doesn’t mean that the CRA is expecting you
to report all the income. They only want one SIN to be included on the tax
slip. Therefore, only the primary account holder’s SIN number is displayed on
it. You would each report your own 33% of the shares if shared equally.
Here is a link that will help you with how to enter it in
TurboTax:
T3 - Statement of
Trust Income Allocations and Designations
https://turbotax.community.intuit.ca/replies/2647675
