Trust Tax Returns – T3
Our Experts Guide You Through Every Step of the Process
While death and taxes are life’s only certainties, managing the tax responsibilities of a deceased individual doesn’t have to be overwhelming.
If you’re an executor or next of kin, you’ll need to ensure all required filings are completed, which may include:
- The Final T1 Return
- The Optional Rights or Things Return
- Any outstanding prior-year tax returns
Though these filings can be complex, they also offer opportunities for strategic tax planning—potentially saving thousands of dollars.
Visit us in person or call (416) 686-9899 today to book your appointment.
Trust Returns and Estate Taxes — Expertise You Can Rely On
Our specialists bring over 30 years of experience handling Trust Returns and Estate Taxes.
When a person passes away, their assets become part of the estate, which is treated as a trust for tax purposes. This requires filing a T3 Trust Return to report the estate’s income.
With the introduction of Graduated Rate Estate rules, estate taxation has grown more complex. Errors or incomplete reporting can lead to significantly higher tax liabilities. Additionally, unlike personal tax returns, estate returns cannot be Net Filed, making professional guidance even more essential.
Visit us in person or call (416) 686-9899 today to book your appointment.