Subsection 204(1)
Administrative Policy
7 June 2019 STEP Roundtable Q. 12, 2019-0798301C6 - Attribution under 75(2)
Under s. 75(2), income is considered to be the income of another taxpayer (the trust contributor without the income being explicitly removed from...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 75 - Subsection 75(2) | s. 75(2) attributed income must be reported by trust even though its net income is nil | 198 |
13 June 2017 STEP Roundtable Q. 12, 2017-0693371C6 - 75(2) and T3 Reporting
Many practitioners do not agree that a T3 slip should be issued to the settlor of a s. 75(2) trust and, instead, the attributed amounts should...
10 June 2016 STEP Roundtable Q. 13, 2016-0645811C6 - Filing Obligation for 75(2) trust
The T3 Guide states:
A T3 return must be filed if the trust is subject to tax, and any one of the following conditions applies. The trust: …...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 75 - Subsection 75(2) | no return filing obligation if property of s 75(2) trust not income-generating | 84 |
8 October 2010 Roundtable, 2010-0373681C6 F - Production d'une Déclaration T3
Is a trust that only holds property subject to s. 75(2) that does not generate income required to file a T3 return? CRA responded:
[A] person who...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 150 - Subsection 150(1) - Paragraph 150(1)(c) | no penalty for failure to file T3 return | 129 |
Handbook on Securities Transactions, 94-110(E), pp. 15-18.
29 April 1994 External T.I. 9411095 - REQUIREMENT OF CUSTODIANS TO FILE T3 RETURN
A custodian appointed under a court order to have custody of the property of a member of a professional organization or a professional corporation...
15 February 1994 T.I. (C.T.O. "Bare Trusts")
Although RC considers the settlor/beneficiary of a bare trust to be the actual owner of the trust property for purposes of the Act, the fact that...
Subsection 204(2)
Administrative Policy
30 June 2010 External T.I. 2009-0327881E5 F - FFCP Délai de production T3
What are the T3 filing deadlines for mutual fund trusts following a qualifying exchange where there is a continuing trust and a trust that...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 220 - Subsection 220(3) | requirements for application to extend T3 filing deadline following s. 132.1 merger | 361 |
| Tax Topics - Income Tax Regulations - Regulation 204.1 - Subsection 204.1(2) | no requirement to file with CDS if MFT is not listed | 49 |