Fundamentals of Filing Trust Returns

Knowledge Bureau Certificate Courses

Categories: Tax Planning

Your Instructors: Walter Harder

PROGRAM: Tax Services Specialist


This course introduces the types of trust that may be created in Canada and how each of them is taxed.  Students will learn how to prepare T3 returns as part of the case study exercises in the course.  Case studies include the filing of trust returns, slips, and slip summaries for trusts.

The students will also learn how to optimize taxes payable on income earned by at trust by choosing to pay the taxes through the trust or allocating income to beneficiaries and having them pay the taxes on those allocations.

The Trust Tax Estimator tool, provided with this course, will help you to minimize taxes on trust income.  This tool will allow you to determine whether the trust or beneficiary will pay more taxes on allocated income so that tax can be paid by the trust before allocation if the beneficiary would have to pay more tax than the trust.


Upon completion of this course, students will be familiar with the taxation of various trusts and be able to prepare T3 trust returns and prepare T3 slips for beneficiaries.


Quizzes 25%
Case Studies 50%
Final Exam 25%
Passing Grade 60%
Honours Achievement 90%


A mark of 60% is required to pass the course. All students who pass the course will receive a certificate. Students who receive a mark of 90% or better will receive a gold Honours bar on their certificate.

Additional Resources :

EverGreen Explanatory Notes

Knowledge Bureau Calculators:
• Trust Tax Estimator
• Income Tax Estimator

• TaxCycle T3
• ProFile T3

Related Programs

Distinguished Financial Advisor

Table of Contents

Introduction to Trusts
The T3 Return
Income of the Trust
Dealing with Losses
Allocation of Trust Income
Calculation of Tax
Other Topics

Related Tools and Software