Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
English EN

Pick a language

Canada Français United States of America English
cancel
Showing results for 
Search instead for 
Did you mean: 
scott-hind123
New Member

How and where do I enter the information found on my T3 summary of Trust Income?

I have entered the info on my T3 slips but also have a T3 Summary of Trust Income and I don't know what to do with this information

1 Reply
TurboTaxLise
Moderator

How and where do I enter the information found on my T3 summary of Trust Income?

You receive a T3 Statement of Trust Income Allocations and Designations if you have investment income from mutual funds in non-registered accounts and from certain trusts. The income may come from your own investments or from an estate trust as inheritance tax. If that is the case then you need to fill out a T3 Trust Return, which is separate from your T1.

More here from the CRA on a T3 Trust return: https://www.canada.ca/en/revenue-agency/services/tax/trust-administrators/t3-return.html

v