Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Principal Issues: Can the Canada Revenue Agency (CRA) provide us with additional information about their new service which allows users to file a T3 return via EFILE?
Position: General comments provided.
Reasons: See response.
2022 STEP CRA Roundtable – June 15, 2022
QUESTION 14. Information on new T3 EFILE process
Can the Canada Revenue Agency (CRA) provide us with additional information about their new service which allows users to file a T3 return via EFILE?
CRA Response
The 2018 Federal Budget proposed that certain trusts will be required to file a T3 return annually and to provide beneficial ownership information. Based on the draft legislative proposals released for public comment on February 4, 2022, by the Department of Finance, these proposed new reporting requirements will be applicable for tax years that end on or after December 31, 2022. As a result, some trusts will be required to file a T3 return where previously they did not. Therefore, the volume of T3 returns is expected to increase significantly. In preparation, the CRA is in the process of modernizing how T3 returns are electronically filed shifting from XML Internet File Transfer to EFILE. The recently published RC4657, T3 Electronic Filers Manual, available on the Government of Canada website, provides supplementary information to tax preparers for the completion and submission of the electronic T3 return using the T3 EFILE service.
The Canada Revenue Agency's EFILE web service is now accepting transmissions of T3 returns (currently limited to only 2021 and subsequent tax years T3RET, T3S, T3M, T3RCA & T3ATH-IND return types) and T1135 Foreign Income Verification Statements. Refer to the T3 EFILE Information web page for the current list of certified software products. The CRA will continue to update this page as additional software is certified.
Refer to the How to file a T3 return web page on the Government of Canada website, which includes information regarding the Trust Account Registration online service. Filers are required to have a trust account number before they are eligible to EFILE. This page also includes a list of the different types of T3 returns that can be filed via EFILE, and contains a link to more information on EFILE for electronic filers (footnote 1) .
Aleksandra Bogdan
2022-093022
Response prepared by:
Justin Lawson and Roger Dhillon
T3 Transition Section
Individual Returns Directorate
Assessment, Benefit, and Service Branch
FOOTNOTES
Note to reader: Because of our system requirements, the footnotes contained in the original document are shown below instead:
1 The EFILE for electronic filers web page on the Government of Canada website includes information regarding T3 EFILE including links to T3 EFILE exclusions and the T3 EFILE certified software web page.
UNCLASSIFIED
All rights reserved. Permission is granted to electronically copy and to print in hard copy for internal use only. No part of this information may be reproduced, modified, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in a retrieval system for any purpose other than noted above (including sales), without prior written permission of Canada Revenue Agency, Ottawa, Ontario K1A 0L5
© Her Majesty the Queen in Right of Canada, 2022
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 2022
Email this Content