T3: Statement of Trust Income Allocations and Designations

Your T3: Statement of trust income allocations and designations slip shows income allocated to you, as a beneficiary, by a trust (such as a personal or estate trust). You might also receive a T3 if you had investment income from non-mutual funds in non-registered accounts.

The income shown on the T3 slip could be in the form of interest, dividends, and capital gains, and is taxable.

Typically, you won’t receive a T3 slip if the interest earned for the year is less than $100. However, you still have to report these small amounts on your return. For more information, check out our help article, Interest or dividend income not shown on a slip.

Note: If you had taxable gains from the disposition of eligible capital property, they must be entered on Schedule 3. If you have management fees related to any of your investment income, enter those amounts on the Statement of investment income, carrying charges, and interest expenses page.