Navigating Trust Returns : T3 Filing, Compliance & Tax Planning Essentials

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120 Minutes

Trusts are powerful tools for estate planning, tax deferral, and asset protection — but with changing CRA rules and increased disclosure requirements, preparing a T3 return is more complex than ever.

In this in-depth webinar, we’ll guide you through the full lifecycle of preparing and filing a T3 Trust Return in Canada, from understanding different types of trusts to issuing T3 slips and meeting CRA’s new reporting obligations. Whether you're a tax preparer, financial advisor, or a trustee filing for the first time, this session will give you the clarity and confidence to stay compliant and efficient.

PD Credit Opportunity

By attending, participants will earn 2 Professional Development (PD) credits. This is a valuable opportunity to expand your knowledge, satisfy your annual PD requirements, and stay at the forefront of recent tax law changes that will influence client service and tax preparation strategies in the coming year.

What You Will Learn in This Webinar

Introduction to Trusts and T3 Filing
  • What is a trust and when is a T3 return required.
  • Overview of common trust types: testamentary, inter vivos, family, alter ego, bare trusts.
How to Prepare a T3 Return
  • Forms, schedules, and supporting documents required.
  • T3 Summary and T3 Slips: how to complete and issue them to beneficiaries.
  • Key deadlines and CRA penalties.
Allocating Trust Income and Deductions
  • Reporting interest, dividends, capital gains, and business income.
  • Retaining vs. allocating income to beneficiaries.
  • Trustee fees and deductible expenses
New Trust Reporting Requirements (Effective 2023 & Onward)
  • Beneficial ownership disclosure and additional data gathering.
  • Significant penalties and how to avoid them.
Distributions and Winding Up a Trust
  • Tax implications of distributions.
  • Final returns and post-distribution responsibilities.
Trust Tax Planning Essentials
  • Income splitting using trusts.
  • Capital gains exemption strategies.
  • Avoiding attribution rules and compliance pitfalls.

About Our Speaker

Vasanth Nayak
  • Specialized in Personal and Business Tax Returns
  • Assisting clients with CRA pre- and post-assessment reviews
  • Navigating complex tax scenarios with clarity and compliance
Jamie Enayat
  • Specialized in Personal and Business Tax Returns
  • Assisting clients with CRA pre- and post-assessment reviews
  • Navigating complex tax scenarios with clarity and compliance

What Attendees Are Saying About Our Webinars!

Terry Brown

June 19, 2025

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Understanding Corporate Taxation

The presentation was very good and It provided a great refresher with many great examples

Cheryl Senechal

June 19, 2025

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I have a few years to file and had no idea where to start. Can't afford an accountant. I feel better prepared to jump in now.

Anita Tiwari

June 19, 2025

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T2125, HST & Payroll Essentials: A Practical Guide for Self-Employed and Small Business Owners

The presentation was very good and It provided a great refresher with many great examples