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Canada Revenue Agency T3 (12) Agency Du revenue Du Canada T3 Statement of Trust Income Allocations and Designations Year NOTE: In this form, the text inserted between square brackets represents the

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What is statement of trust income?

Statement of trust income is a form that must be filed by trusts to report their income, deductions, and tax liability to the tax authorities.

Who is required to file statement of trust income?

Trusts that have taxable income or a tax liability are required to file a statement of trust income.

How to fill out statement of trust income?

To fill out a statement of trust income, you need to provide information about the trust's income, deductions, and credits. This includes details of the trust's assets, expenses, distribution of income, and any taxes paid.

What is the purpose of statement of trust income?

The purpose of the statement of trust income is to calculate the trust's tax liability and ensure compliance with tax laws.

What information must be reported on statement of trust income?

The statement of trust income must include information such as the trust's name and address, taxpayer identification number, income from various sources, deductions and credits claimed, and tax liability.

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