Trust and Estate Tax Returns (T3) in Toronto & GTA
At Beta Taxes Professional Corporation, we prepare and file T3 Trust Tax Returns for executors, trustees, and families across Ontario as part of our full Trust and Estate Tax Returns service. Whether you’re closing out an estate, administering a family trust, or filing for the first time after a loss, we handle the CRA reporting so you can focus on the people involved, not the paperwork.
- Estate, family, and testamentary trust returns
- Date-of-death and Graduated Rate Estate filings
- Beneficiary income allocation and T3 slip preparation
- Verified Certified CPAs across Canada
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AFFORDABLE Trust and Estate Tax Return (T3) Services
A T3 Trust Tax Return reports the income earned by an estate or trust — interest, dividends, capital gains, rental income — and how that income is allocated between the trust itself and its beneficiaries. It’s a separate filing from personal tax, with its own deadlines, its own schedules, and its own set of rules that have expanded significantly in recent years, catching arrangements that never had to file before. Whether you’re settling an Estate Tax Return anywhere in Canada or administering a single family trust here in Ontario, the same deadlines and rules apply.
At Beta Taxes, our Trust Tax Preparation Services are led by certified public accountants who work with executors, trustees, and families across Toronto, Mississauga, Brampton, Vaughan, Etobicoke, Scarborough, Ottawa, Hamilton, Markham, and Windsor to determine what needs to be filed, prepare it correctly, and communicate every step in plain language — not legal or tax jargon delivered at the worst possible time
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Why T3 Filing Needs to Be Done Right the First Time
Administering an estate or trust means stepping into legal and tax obligations most people never had to think about before — often while grieving or managing a family situation that’s already difficult. On top of that, recent changes to the trust reporting rules mean many arrangements that never had to file a T3 before now must, even with no income or activity in the year.
Getting it wrong has real consequences: late-filing penalties, per-slip penalties for missing beneficiary reporting, income allocated incorrectly between the deceased’s final return and the estate’s return, or a capital gain taxed at the wrong rate. Getting it right protects the estate, the beneficiaries, and the executor personally — since executors can carry liability for filings done incorrectly.
Our Trust & Estate Tax Return (T3) Services
Filing Requirement & Deadline Review
- Confirm whether a T3 is required under the current, expanded trust reporting rules
- Determine Graduated Rate Estate eligibility for the first 36 months after death
- Flag every year that needs to be filed, not just the most recent one
- Identify the correct trust year-end and the 90-day filing deadline
Estate Executor Tax Services: Estate & Trust Setup
- Register the trust account number required before filing
- Establish opening asset values at date of death or trust creation
- Confirm the deemed disposition and adjusted cost base for estate assets
- Document executor and trustee reporting obligations from day one
Income Compilation & Classification
- Organize interest, dividend, rental, and capital gain income by source
- Separate pre-death income (final T1) from post-death income (T3 estate return)
- Identify deductible expenses — executor fees, legal, accounting, investment costs
- Build a supporting working file for every figure reported
Tax & Capital Gains Calculation
- Calculate taxable capital gains and apply dividend gross-up and credit correctly
- Apply the capital gains reserve where sale proceeds span multiple years
- Plan around the 21-year deemed disposition rule where relevant
- Decide whether income is best taxed in the trust or allocated to beneficiaries
T3 Trust Tax Return Preparation & E-Filing
- Prepare the complete T3 return with all required schedules
- Complete beneficial ownership reporting where the expanded rules apply
- E-file through CRA's required electronic channel
- File within the 90-day deadline to avoid late-filing penalties
Beneficiary Slips & Distribution Guidance
- Prepare T3 slips allocating income to each beneficiary
- Preserve the character of allocated income (capital gains, eligible dividends)
- Advise on a reasonable holdback before final distribution
- Recommend a CRA clearance certificate before the estate is wound up
Why Choose Beta Taxes for Trust & Estate Tax Returns
Discovery
A conversation to understand the estate or trust, key dates, and everyone involved — the starting point of our Estate Executor Tax Services
Document Gathering
A clear checklist of statements, legal documents, and prior filings — no guessing what's needed.
Preparation & Review
We prepare the return, the slips, and the allocations, and walk you through it in plain language before anything is filed
Filing & Ongoing Support
We file with CRA once you've approved everything, and stay available for the years that follow if the trust continues.
Serving Trust & Estate Tax Returns Across Ontario & Canada
Wherever the estate or trust is being administered, our CPA team brings the same care to every Estate Tax Return Canada families and trustees file with us: a clear filing determination, accurate income allocation, and full CRA compliance. Meet with us in person at our Ontario office, or connect virtually from anywhere in Canada.
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Industries We Serve With Trust & Estate Tax
testimonials
Our Clients' Results Speak for Themselves
Real success stories from businesses we’ve helped grow.
Expert Tax Advice for Truckers & Small Businesses
I had a great experience with at Beta Taxes CPA. He explained a complex CRA trucking issue in very simple terms and helped me understand the risks and the right way to move forward. Very knowledgeable, patient, and practical. If you are a trucker or small business owner looking for clear tax advice, I highly recommend Beta Taxes.
Sarang Vaid
Stress-Free Business Tax & CRA Compliance
Beta Taxes CPA provided excellent support for our business tax and CRA compliance needs. Their team is knowledgeable, proactive, and very responsive. They explained CRA requirements clearly, identified tax-saving opportunities, and handled filings accurately and on time. The entire process was smooth and stress-free. We highly recommend Beta Taxes CPA for reliable business tax and CRA support.
Pargat Sandhu
Expert Guidance for Canadian Home Sale Tax Matters
Alex has been so amazing! I sold my home shortly after moving to the UK on a temporary visa and it was so stressful navigating the Canadian tax system. Even from afar – across the world, Alex took his time walking me through what I need to do, advised me on next steps, and how he can help me through calls on Whatsapp and email. I received the letter I needed from him to proceed with the closing of my Canadian home sale. Thank you so much to Alex and the team for your guidance and help! I appreciate it so very much 😊.
Carmen Mach
FAQ’s
Frequently Asked Questions
Who actually has to file a T3 Trust Tax Return
Executors and trustees of estates, family trusts, testamentary trusts, alter-ego trusts, and joint partner trusts. Under the current expanded rules, many trusts must file even with no income or activity in the year — we'll confirm whether that applies to yours.
When is the T3 return due?
Generally 90 days after the end of the trust's or estate's tax year — a different deadline than personal tax filing dates, which is one of the most common points of confusion for first-time executors
What's a Graduated Rate Estate, and does it help me?
It's a status available to an estate for the first 36 months after death that allows the estate to be taxed at the same graduated brackets as an individual, instead of the flat top rate that applies to most trusts. We confirm eligibility and help you use the window it opens
What happens if a T3 is filed late?
Late filing can trigger penalties on the estate or trust and, separately, per-slip penalties for missing or late beneficiary T3 slips. Filing on time — or catching up quickly if a return was missed — keeps that exposure contained
What records do you need from me?
Bank and brokerage statements, the will or trust deed, prior tax filings, and records of any income or expenses during the administration period. We'll give you a specific checklist once we understand the estate or trust, as part of our Estate Executor Tax Services.
Can you help if a beneficiary lives outside Canada?
Yes — non-resident beneficiaries can carry withholding tax obligations that need to be calculated and reported correctly, and we handle that as part of the filing.
How is income split between the final personal return and the T3?
Income earned up to the date of death goes on the deceased's final T1. Income earned after that date belongs on the estate's T3. Misallocating between the two is one of the most common executor mistakes, and one we specifically check for.
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