T3: Statement of Trust Income Allocations and Designations
The T3 slip is the Canada Revenue Agency statement a trust issues to report the income it allocated and designated to a beneficiary during the year. Download the official PDF below.
This is the genuine CRA PDF, unmodified. Source: CRA official page.
What is T3?
The T3 slip, Statement of Trust Income Allocations and Designations, tells a beneficiary and the CRA how much income a trust allocated to that beneficiary and how it is characterised, such as capital gains, eligible dividends, other income or foreign income. The trustee prepares the slip as part of the trust return, files the slip information with the CRA and gives a copy to each beneficiary, who then reports the amounts on their own income tax and benefit return.
The T3 slip is a dynamic PDF that the CRA publishes in Adobe XFA format. It does not fill in a web browser, so it will not display in the in-browser editor or quick-fill form here. Download it and open it in Adobe Acrobat Reader to complete the fields.
Who files T3?
- Trustees and estate representatives reporting income allocated to beneficiaries
- Trusts preparing slips as part of the T3 trust return process
- Preparers issuing T3 slips to beneficiaries and filing the summary with the CRA
- Beneficiaries who receive the slip and report the amounts on their own return
How to fill out T3
- Download the form and open it in Adobe Acrobat Reader, since it is a dynamic PDF that will not fill in a browser.
- Enter the trust and beneficiary identifying details, including account and identification numbers.
- Report the allocated amounts in the correct boxes, such as capital gains, dividends and other income.
- Check the designations and totals against the trust records for the year.
- File the slip information with the Canada Revenue Agency and give a copy to the beneficiary.
Get T3
This is a dynamic PDF from CRA: it only fills in correctly in Adobe Acrobat Reader, so there is no in-browser fill here. Download the genuine T3 below and open it in the free Adobe Acrobat Reader to complete and save it.
Download the official T3 PDFFrequently asked questions
Who prepares the T3 slip?
The trustee or estate representative prepares it as part of the trust return. Beneficiaries receive the slip and use the box amounts to report their share of the trust income on their own return.
How does the T3 slip relate to the T3 return?
The slips report each beneficiary share, while the T3RET trust return and the slip summary report the trust income and the allocations overall. They are filed together with the CRA.