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A T3 Statement of Trust Income Allocations and Designations is provided if you have investment income from mutual funds in non-registered accounts and from certain trusts.
For an investment in a mutual fund trust, ETF, or segregated fund contract, you'll receive a T3: Statement of Trust Income Allocations and Designations tax slip. For an investment in a mutual fund corporation, you'll receive a T5: Statement of Investment Income tax slip.
Late-filing and failure to file the T5 information return We consider your return to be filed on time if we receive it or if it is postmarked on or before the due date. The minimum penalty for late filing the T5 information return is $100 and the maximum penalty is $7,500.
Trust information returns - slips and summaries Trusts use the T3 slip, Statement of Trust Income Allocations and Designations, to identify beneficiaries and to report amounts such as income and credits that the trust designates to them.
Instead, send us a completed Form T3-ADJ, T3 Adjustment Request, or a letter providing the details of the change. Indicate the tax year you want us to change and attach any supporting documents.