Form T3 Summary indicates the total number of slips filed and the total amounts allocated to beneficiaries.
Form T3 Summary must be filed with the CRA along with copy 1 of all the T3 slips no later than 90 days after the end of its taxation year.
The following instructions are taken from the form.
Completing the T3 Summary
Identification
Complete this area using the same information that you entered in the identification area on Form T3RET, T3 Trust Income Tax and Information Return.
T3 slip totals
Line 10 – Enter the total number of T3 slips that you have included with this summary.
The other line numbers in this area are the same as the box numbers shown on a T3 slip. For each box number, add the amounts from all of the T3 slips filed with this summary, and enter the total on the corresponding line of this summary.
Certification
Date and sign this area before sending us the summary.
Keep a copy of the summary with the trust records.
Where to file this summary
T3 Program
Jonquière Tax Centre
PO Box LCD 1300
Jonquière QC G7S 0L5
Mandatory electronic filing
If you file more than 50 T3 slips for a calendar year, you must file the slips over the Internet.
You may choose one of the following electronic filing formats:
- Internet file transfer (XML)
- Web Forms
For more information about filing electronically, go to canada.ca/taxes-iref. You can also file T3 slips online using the "File a return" service and selecting the "Internet file transfer (XML)" option at:
- canada.ca/taxes-representatives, if you are an authorized employee or representative
- canada.ca/my-cra-business-account, if you are the business owner.
Web Forms
You can electronically file up to 100 T3 slips in one submission using the Canada Revenue Agency Web Forms application. This service allows you to:
- create electronic T3 slips
- validate data in real time, with prompts to correct errors before filing
- calculate the totals for the T3 Summary
- print T3 slips
- securely send encrypted T3 slips over the Internet
- save and import data to be retrieved at a later date
For more information about Web Forms, go to canada.ca/taxes-iref.
Amending this summary
If you prepare and issue an amended T3 slip after you have filed the original slip with the Canada Revenue Agency, you may have to file an amended T3 Summary. If there is a change to the amounts shown in the boxes of this summary, send an amended T3 Summary. If the amended T3 slip affects the amounts shown on Form T3RET or on Schedule 9, Income Allocations and Designations to Beneficiaries, do not file another T3 return. Instead, send us a completed Form T3-ADJ, T3 Adjustment Request, or a letter with details of the change. Indicate the tax year you want us to change and attach any supporting documents. Include the trust's account number on the letter.
Personal information (including the SIN) is collected for the purposes of the administration or enforcement of the Income Tax Act and related programs and activities including administering tax, benefits, audit, compliance, and collection. The information collected may be used or disclosed for purposes of other federal acts that provide for the imposition and collection of a tax or duty. It may also be disclosed to other federal, provincial, territorial, or foreign government institutions to the extent authorized by law. Failure to provide this information may result in interest payable, penalties, or other actions. Under the Privacy Act, individuals have a right of protection, access to and correction of their personal information, or to file a complaint with the Privacy Commissioner of Canada regarding the handling of their personal information. Refer to Personal Information Bank CRA PPU 015 on Info Source at canada.ca/cra-info-source.
See Also