T3 — Statement of Trust Income Allocations and Designations
What is this slip?
Reports income allocated to you by a trust — mutual fund distributions, ETF income, and income from estate or family trusts. Arrives later than other slips.
Every box explained
| Box | Label | Where it goes on your T1 |
|---|---|---|
| 21 | Capital gains Capital gains realized inside the trust and allocated to you. Note: The 50% inclusion applies — only half goes into taxable income. Goes to: Line 17600 (Schedule 3) | Line 17600 (Schedule 3) |
| 23 | Actual amount of eligible dividends Eligible dividends flowed through the trust to you. Goes to: Line 12000 of your T1 | Line 12000 of your T1 |
| 24 | Actual amount of non-eligible dividends Non-eligible dividends flowed through the trust. Goes to: Line 12000 of your T1 | Line 12000 of your T1 |
| 25 | Foreign non-business income Foreign dividends and interest received through the trust. Goes to: Line 12100 of your T1 | Line 12100 of your T1 |
| 26 | Foreign non-business income tax paid Withholding taxes paid by the trust on your share of foreign income. Goes to: Form T2209 (Foreign Tax Credit) | Form T2209 (Foreign Tax Credit) |
| 32 | Taxable amount of eligible dividends Box 23 grossed up by 38%. Goes to: Line 12000 of your T1 | Line 12000 of your T1 |
| 33 | Taxable amount of non-eligible dividends Box 24 grossed up by 15%. Goes to: Line 12000 of your T1 | Line 12000 of your T1 |
| 34 | Foreign business income Foreign income earned by the trust from active business activities. Goes to: Line 12100 of your T1 | Line 12100 of your T1 |
| 49 | Eligible dividends tax credit Federal dividend tax credit for eligible dividends flowed through the trust. Goes to: Line 40425 of Schedule 1 | Line 40425 of Schedule 1 |
Quick tips
- You can view slips filed by your employer or payer in CRA My Account — usually within a few days of the February 28 deadline.
- If you received this slip but haven't filed your return, the income is still taxable. File using your own records if the slip is late.
- Keep your slips for at least 6 years — CRA can reassess that far back.
- T3 slips from mutual funds and ETFs often arrive in mid-March or later. Don't file before you have them all.
Calculate your tax with these numbers
Put your slip amounts into our income tax calculator to see your full federal + provincial breakdown.
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