Trust and Estate Tax Returns (T3) in Ontario
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AFFORDABLE T3 Trust and Estate Tax Return Services
Administering an estate or managing a trust involves complex legal and tax responsibilities that must be handled with care. Our CPA-led team specializes in preparing accurate and timely T3 trust and estate tax returns, while clearly guiding executors and trustees through their CRA obligations. With expert support, you can confidently settle affairs, avoid costly mistakes, and minimize the risk of audits or penalties.
We provide clear explanations, proactive tax planning, and ongoing support to help you make informed decisions at every stage of estate or trust administration. From income allocations and beneficiary reporting to CRA correspondence, our goal is to reduce stress, ensure compliance, and protect the interests of both the estate and its beneficiaries.
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T3 Help for Executors, Trustees, and Families
T3 trust and estate tax returns apply to estates, family trusts, testamentary trusts, alter ego trusts, and joint partner trusts, each with specific CRA rules and filing requirements. Managing these obligations without expert support can lead to errors, delays, and unnecessary tax exposure.
We work closely with executors, estate trustees, families, and lawyers across Ontario to prepare accurate, CRA compliant T3 returns. Our CPA led team ensures proper income reporting, timely filings, and clear guidance to reduce stress and minimize tax and compliance risks.
Why Trust and Estate Tax Can Feel Overwhelming
Managing trust and estate taxes often feels complex because it combines legal responsibilities, strict CRA rules, and emotional timing. Executors and trustees are expected to get everything right while navigating unfamiliar tax filings, deadlines, and reporting requirements—all at once.
Determining the date-of-death tax position and deciding which income belongs on the final T1 return versus the T3 trust or estate return
Tracking estate or trust income such as interest, dividends, capital gains, or rental income and allocating it correctly to beneficiaries
Understanding T3 filing deadlines, instalment requirements, and late-filing penalties to avoid CRA issues
Coordinating with lawyers, financial institutions, and beneficiaries to collect complete and accurate financial information
Our Trust & Estate Tax Services
T3 Filing Requirement Review
We determine whether a T3 return is required and identify the correct filing years based on CRA rules.
Trust and Estate Setup
We establish proper records and opening balances using the date of death or trust creation details.
Income and Expense Compilation
We organize income and expenses from bank, brokerage, legal, and accounting documents.
Taxable Income and Capital Gains Calculations
We calculate taxable income, capital gains or losses, and dividend gross ups accurately.
T3 Return Preparation and E Filing
We prepare and electronically file the T3 Trust Income Tax and Information Return with all required schedules.
Beneficiary Reporting and Distribution Guidance
We prepare T3 slips, allocate income to beneficiaries, and advise on distributions, holdbacks, and tax reserves.
At Gondaliya CPA, our tax accountants make T3 tax filing straightforward and stress-free. Our streamlined 4-step process ensures accuracy, maximizes your refunds, and saves you valuable time. From initial consultation to final filing, we handle everything with professional expertise and personalized attention.
Our Corporate T3 Tax Filing Process
Initial Call & Situation Review
Document Checklist & Data Gathering
T3 Preparation & Tax Review
We prepare the T3 return, slips, and allocations and identify planning opportunities where possible.
Review Meeting & Filing
Walk you through the return in plain language, then file with CRA once approved.
Why Executors and Trustees Choose Gondaliya CPA?
CPA Expertise
Licensed CPAs with experience in trusts, estates, and small business tax matters.
Risk Reduction
Minimize penalties, missed filings, double taxation, and CRA disputes.
Clear Communication
We explain obligations, deadlines, and options in plain English.
Trusted Guidance
Support for complex decisions, distributions, and beneficiary allocations.
Official Partner
We believe in clear, upfront pricing so you know exactly what to expect.
Stay Compliant and Minimize Estate Tax Risks
Toronto, GTA & Ontario T3 Tax Filing Coverage
Gondaliya CPA proudly serves executors, trustees, and incorporated clients across Toronto and the greater Toronto area (GTA), including Mississauga, Brampton, North York, Etobicoke, Scarborough, Vaughan, Markham, Richmond Hill, and Ottawa, as well as clients throughout Ontario. Our experienced CPA-led team ensures T3 trust and estate tax returns are prepared accurately and in compliance with federal and provincial CRA requirements, helping you avoid missed deadlines, penalties, and filing issues in your local area.
Toronto (ON)
168 Simcoe St Unit 1118, Toronto, ON M5H 4C9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Mississauga (ON)
5373 Bullrush Dr, Mississauga, ON, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Brampton (ON)
4 Starhill Crescent, Brampton, ON L6R 2P9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Scarborough (ON)
24 Clementine Square, Scarborough, ON M1G 2V7, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Vaughan (ON)
19 Cabinet Crescent, Woodbridge, ON L4L 6H9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Oshawa (ON)
210 Durham St, Oshawa, ON L1J 5R3, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Ottawa (ON)
2090 Neepawa Ave a314, Ottawa, ON K2A 3L6, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Etobicoke (ON)
60 Stevenson Rd #1601, Etobicoke, ON M9V 2B4, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Hamilton (ON)
70 Starling Dr, Hamilton, ON L9A 0C5, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Guelph (ON)
1155 Gordon St, Guelph, ON N1L 1S8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Windsor (ON)
4387 Guppy Ct, Windsor, ON N9G 2N8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
North York (ON)
150 Graydon Hall Dr #912, North York, ON M3A 3B2, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Industries We Serve With Our T3 Trust and Estate Tax Services
Startups
Specialized startup tax & accounting
Healthcare
Specialized healthcare tax & accounting
Consultants
Specialized consulting tax & accounting
Small Businesses
Specialized small business tax & accounting
Restaurants
Specialized restaurant tax & accounting
Franchises
Specialized franchise tax & accounting
Self-Employed
Specialized self-employed tax & accounting
Manufacturing
Specialized manufacturing tax & accounting
Grocery Stores
Specialized grocery tax & accounting
Import & Export
Specialized import/export tax & accounting
Frequently Asked T3 Trust and Estate Tax Return Questions
What is a T3 trust or estate tax return?
A T3 return is the annual tax filing required for all estates and trusts in Canada. It reports the trust or estate’s income, capital gains, dividends, and other earnings, as well as any distributions made to beneficiaries during the year. Filing a T3 ensures the CRA knows how income is allocated between the estate or trust and its beneficiaries, prevents double taxation, and confirms that all beneficiaries are accurately taxed. It also helps executors and trustees maintain compliance, document decisions, and avoid future disputes with beneficiaries or the CRA.
Who needs to file a T3 return?
Executors, trustees, and certain trust administrators must file a T3 return for estates, testamentary trusts, family trusts, alter-ego trusts, or joint partner trusts. Filing keeps the estate or trust compliant and avoids CRA penalties or interest charges.
When is the T3 return due?
T3 returns are generally due 90 days after the end of the trust’s tax year. Filing on time helps prevent late-filing penalties and ensures beneficiaries receive accurate slips for their personal taxes.
What records are needed for a T3 return?
Keep detailed records of trust or estate income, capital gains/losses, dividends, interest, rental income, and expenses. Supporting documents from banks, brokers, or lawyers are essential.
Can a CPA help minimize trust or estate taxes?
Yes. A CPA can identify legal tax-saving strategies, advise on income allocation to beneficiaries, and ensure deductions or credits are properly claimed.
How are beneficiaries taxed?
Beneficiaries report the income allocated to them on their personal tax returns. Proper allocation on the T3 return ensures they are taxed correctly and avoids double taxation.
What happens if a T3 return is late?
Late T3 filing can trigger penalties, interest charges, and increased audit risk. A CPA ensures timely submission and helps manage CRA communications if needed.
Do I need help with non-resident beneficiaries?
Yes. Non-resident beneficiaries may have withholding tax obligations. A CPA can calculate and report these correctly to avoid compliance issues.
How does income splitting work in a trust?
CPAs can advise on distributing income among beneficiaries to optimize taxes legally while staying compliant with CRA rules.
How do I schedule a consultation?
You can schedule a free consultation call directly through our website, or contact us via our Contact Us page, and our team will reach out to discuss your needs.
Meet Your Corporate Tax Filing Experts
