New trust reporting requirements for T3 returns filed for tax years ending after December 30, 2023

• 1. Trust reporting requirements for T3 returns filed for tax years ending after December 30, 2023

• 2. Affected trusts

• 3. Bare trusts

• 4. Legal representatives (Primary Trustee)

• 5. Trust account number

• 6. Mandatory disclosure and underused housing rules

• 7. More information

CRA website:

https://www.canada.ca/en/revenue-agency/services/tax/trust-administrators/t3-return/new-trust-reporting-requirements-t3-filed-tax-years-ending-december-2023.html