Extend Your Expertise and Grow Your Business Preparing T3 Returns

Income earned by an estate during any tax year must be reported as a T3 return. Knowledge Bureau’s new T3 Basic Tax Preparation course will help students learn who should file a T3 return, as well as when and how best to file it. The course also introduces the types of trusts 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. In the process, students will learn how to optimize taxes payable on income earned by a 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. Enrol risk-free by taking the T3 Basic Tax Preparation free trial.

Knowledge Bureau’s new T3 Basic Tax Preparation course is part of the DFA – Tax Services Specialist™ designation. To find out more about T3 Basic Tax Preparation course click here or call 1.866.953.4769. Register before the June 15 deadline.

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