Are you acting as a trustee?

Publicly traded interests in a trust are securities and can be issued in the form of units or shares. The trust, as issuer of these interests, has to report the redemption, acquisition, or cancellation of the units or shares to the beneficial owner. If a trustee acts for the trust, the trustee must report these transactions on T5008 slips.

You have to report income realized by a trust and distributed to its beneficiaries on Form T3, Statement of Trust Income Allocations and Designations (slip). This income is gained by holding an interest in the trust, and it is different from the proceeds received from the disposition of those interests.

Forms and publications

• Guide T4013, T3 Trust Guide

Date modified:

2016-01-07