How to complete the T3 slip

Type or print the information on the slip. Report all amounts in Canadian dollars. If the amount was paid at various times throughout the year, to get the applicable rate, see What are the average exchange rates or call 1-800-959-8281.

If there is a preferred beneficiary election and other income is also allocated to the same beneficiary, complete one T3 slip for the elected income and a separate slip for all other allocated income.

You can get the information needed to complete boxes 21 to 51 from Schedule, T3SCH9, Income Allocations and Designations to Beneficiaries.

Recipient’s name and address – Enter the information in the white area provided. If the payment is to an individual, enter the beneficiary’s name. If the payment is to a joint beneficiary, enter both names. If the payment is made to a trust, enter the name of the trust and not the names of the individual beneficiaries of that trust. If the payment is made to an association, organization, or institution, enter that name. Following the beneficiary’s name, enter the beneficiary’s full address including city and province or territory. Also include the postal code.

Year – Enter the applicable tax year at the top of the slip.

Trust year end – Use a four-digit number to indicate the year, and a two-digit number to indicate the month of the trust’s tax year-end.

High-use boxes

For your convenience, we have put the instructions for the following boxes in numeric order, even though the order on the slip may be different. The high-use boxes appear first, followed by the generic boxes.

Box 12 – Recipient identification number
Box 14 – Account number
Box 16 – Report code
Box 18 – Beneficiary code
Box 21 – Capital gains
Box 23 – Actual amount of dividends other than eligible dividends
Box 26 – Other income
Box 30 – Capital gains eligible for deduction
Box 32 – Taxable amount of dividends other than eligible dividends
Box 39 – Dividend tax credit for dividends other than eligible dividends
Box 49 – Actual amount of eligible dividends
Box 50 – Taxable amount of eligible dividends
Box 51 – Dividend tax credit for eligible dividends

Generic Boxes

Box 22 – Lump-sum pension income
Box 24 – Foreign business income
Box 25 – Foreign non-business income
Box 31 – Qualifying pension income
Box 33 – Foreign business income tax paid
Box 34 – Foreign non-business income tax paid
Box 35 – Eligible death benefits
Box 37 – Insurance segregated fund net capital losses
Box 38 – Part XII.2 tax credit
Boxes 40, 41 and 43 – Investment tax credit
Box 40 – Investment cost or expenditures
Box 41 – Investment tax credit
Box 42 – Amount resulting in cost base adjustment
Box 43 – Investment tax credit – Code number
Box 45 – Other credits
Box 46 – Pension income qualifying for an eligible annuity for a minor
Box 47 – Retiring allowance qualifying for transfer to an RPP or RRSP
Box 48 – Eligible amount of charitable donations

Forms and publications

• Guide T4013, T3 Trust Guide
• Form T3 Statement of Trust Income Allocations and Designations
• Information Circular IC78-5, Communal Organizations
• Form T2038(IND) – Investment Tax Credit (Individuals)
• Guide T4037, Capital Gains Guide
• Other Publications for Trust

Related links

• Amending, cancelling, adding, or replacing T3 slips

Date modified:

2017-01-04