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.

In addition to a T3, Québec residents will also receive a Relevé 16: Trust income (RL-16) slip, unless the amounts earned within the trust are below a certain amount (typically less than $100). However, it’s still your responsibility to report these small amounts on your return.

If you have an amount in box 26 of your T3 slip and you received all or part of this income from a communal organization, you’ll need to report self-employment income and complete the T2125: Statement of business or professional activities page in H&R Block’s tax software.

To add the T2125 page to your return:

  1. On the left navigation menu, under the Credits & deductions tab, click Tax Topics.

  2. Select the Self-employment income & expenses checkbox.


  3. At the bottom of the page, click Add selected topics to my return.

  4. Click the Employment tab on the left navigation menu.

  1. Under the BUSINESS AND SELF-EMPLOYMENT INCOME heading, select the checkbox labelled Statement of business or professional services, then click Continue.

  2. When you arrive at the Statement of business or professional services page, enter your information into the tax software.

Follow these steps in H&R Block’s 2023 tax software:

  1. On the left navigation menu, click the Government slips tab, then Smart Search.

  1. Type T3 in the search field and either click the highlighted selection or press Enter to continue.

  2. When you arrive at the page for your T3, enter your information into the tax software.

Note: If you received foreign business income that was reported in box 24 on your T3 slip, you’ll need to enter the mailing address you had in 2023 when you received this income. Keep in mind, the province or territory for this mailing address must match the one you lived in on December 31, 2023 ( as indicated in the Get Started tab). However, if it is different, simply contact the retail office closest to you, and one of our Tax Experts will be happy to help (fees will apply) software.