Do you have to file T3 every year?

In Canada, whether you have to file a T3 return every year depends on the specific circumstances of the trust. Generally, a T3 return must be filed for a trust if any of the following conditions apply:

• The trust earns income during the year.
• The trust realizes capital gains or incurs capital losses.
• The trust has expenses that it wishes to deduct.
• The trust distributes income or capital to its beneficiaries.

It's essential to consult with a tax professional or refer to the Canada Revenue Agency (CRA) guidelines to determine whether a T3 return must be filed for a particular trust in any given year.