*** Transcriber's Note: Please set your voice synthesizer to read most punctuation. When you encounter the caret sign at the end of a line, please enter the applicable information, if necessary. Triangles are indicated by two back-slashes at the beginning.*** Canada Revenue Agency Protected B when completed T3 RET E (25) (Page 1 of 6) T3 Trust Income Tax and Information Return 2025 Code 01 Do not use this area. - All legislative references on this return refer to the Income Tax Act and Income Tax Regulations. - For more information on completing this return, see "Chapter 2 - Completing the T3 return" in the T4013, T3 Trust Guide. All references to "the guide" on this return refer to the T4013, T3 Trust Guide. A trust that is required to file a T3 return, other than a listed trust (see "Listed trusts" in the guide), must include the beneficial ownership information requested on Schedule 15, Beneficial Ownership Information of a Trust. If the T3 return filed does not include the beneficial ownership information required, one or more penalties may be assessed (see "Penalties and interest" in the guide). For additional information, see "Chapter 1 - General Information: Who should file" in the guide. \\ Step 1 - Identification and other information Trust account number T (enter 8 digits) ^ The fiscal period of this return is: from (Year/Month/Day) ^ to (Year/Month/Day) ^ Name of trust ^ Residence of trust (at the end of the tax year) Specify country (if other than Canada) ^ If Canada, select the province or territory ^ Trustee information (choose only one of the two following options and fill in the required information about the trustee) Enter only the information of the trustee that is the Canada Revenue Agency's (CRA) primary contact. Do not enter information for any other trustees. Option 1 - The trustee is an individual ^ First name of trustee ^ Last name of trustee ^ Telephone number (including area code) ^ Address ^ City ^ Province/Territory or State ^ Country ^ Postal or ZIP code ^ Option 2 - The trustee is a non-individual (for example, a corporation, a partnership, or a trust company) ^ Name of non-individual trustee ^ First name of contact person ^ Last name of contact person ^ Telephone number (including area code) ^ Address ^ City ^ Province/Territory or State ^ Country ^ Postal or ZIP code ^ If the mailing address of the trust is different from the address above, fill in this section. Care of (c/o) ^ Telephone number (including area code) ^ Address ^ City ^ Province/Territory or State ^ Country ^ Postal or ZIP code ^ Trust information Is the trust resident on designated Aboriginal settlement lands? 1 Yes or 2 No ^ If yes, enter the name and settlement number. ^ If the trust carries on a business in the year, enter the province or territory where business was carried on. If the trust carried business in more than one province or territory, select multiple jurisdictions. ^ If the trust became or ceased to be a resident of Canada in the tax year, enter the date: Became resident (Year/Month/Day) ^ Ceased to be resident (Year/Month/Day) ^ Deemed resident:(see the guide for detailed filing information) Is this a deemed resident trust? 1 Yes or 2 No ^ If yes, please specify any other country in which it is also considered resident. ^ Your language of correspondence: English or French ^ T3 RET E (25) (Page 2 of 6) Type of trust (see the guide for details) Enter the type of trust and code number from the drop-down menu and provide the required information, as applicable (see the guide for details). Box 1: Graduated Rate Estate (903) ^ Box 2: Qualified Disability Trust (904) ^ (Complete Form T3QDT, Joint Election for a Trust to be a Qualified Disability Trust) Other types of trust (specify) ^ If the trust is designating itself as a Graduated Rate Estate for the year, is electing to be a Qualified Disability Trust for the year, or is a testamentary trust, complete this section. Date of death (Year/Month/Day) ^ Social insurance number of the deceased (enter 9 digits) ^ If the trust is an Inter Vivos Trust, complete this section. Date trust was created (Year/Month/Day) ^ Non-profit organization - Business Number, if any: (enter 15 digits) ^ Information about the return Is this the first year of filing a T3 return? 1 Yes or 2 No ^ If yes, and unless previously submitted, send the CRA (i) a copy of the trust document or signed last will and testament and (ii) for a testamentary trust, a list of assets held at the date of death, or (iii) for any other trust, a list of assets held at the trust's tax year end. Box 1: Sent ^ Box 2: Submitted with T3APP or T3 online registration ^ Box 3: Submitted with T1 (Testamentary Trusts) ^ If no, for what year was the last return filed? (Year) ^ Is this an amended return? 1 Yes or 2 No ^ Is this the final return of the trust? 1 Yes or 2 No ^ If yes, enter the date the trust ceased to exist. (Year/Month/Day) ^ Reporting foreign income and property If the trust is resident in Canada, you have to report its income from all sources, both inside and outside Canada. Did the trust hold specified foreign property where the total cost amount of all such property, at any time in the tax year, was more than CAN $100,000? 1 Yes or 2 No ^ If yes, you may have to complete and submit Form T1135, Foreign Income Verification Statement. For filing requirements, see Form T1135. If the trust dealt with a non-resident trust, entity, arrangement, or corporation in the year, contact the CRA at 1-800-959-8281 for more filing requirements. Answer the following required questions 1. If the trust is a deemed resident trust, is the trust an "electing trust" as defined in section 94? If yes, indicate which year the trust elected to have paragraph 94(3)(f) apply and attach a schedule of assets. (see the guide for details) Year ^ 1 Yes or 2 No ^ 2. Do the last will and testament, trust document, or court order require the payment to beneficiaries of trust income earned in the current year? If yes, complete Schedule 9. 1 Yes or 2 No ^ 3. Did the trust distribute assets other than cash to a beneficiary during the tax year? If yes, send the CRA a note giving a complete description of the property, the name and address of the beneficiary to whom the property was distributed, and the date the property was distributed. If the beneficiary is an individual, provide the beneficiary's social insurance number.1 Yes or 2 No ^ 4. Was there a change to the beneficiaries of the trust? If yes, and the information has not been reported to the CRA (for example, on Schedule 15), send the CRA a note giving the names of the beneficiaries, social insurance numbers, and the date of the change 1 Yes or 2 No ^ 5. Did the lifetime beneficiary under the trust die in the year? If yes, provide the date of death (see the guide for details).(Year/Month/Day) ^ 1 Yes or 2 No ^ 6. Did the trust borrow money or incur a debt (including, but not limited to, issuing a promissory note to a beneficiary) in a non-arm's length transaction? If yes, state the year and, if during this tax year, send the CRA a note showing the amount of the loan, the lender's name, and the lender's relationship to the beneficiaries Year ^ 1 Yes or 2 No ^ 7. For any trust (other than a unit trust), did the ownership of capital or income interests change since 1984? If yes, enter the year and, if during this tax year, send the CRA a note showing the changes. Year ^ 1 Yes or 2 No ^ T3 RET E (25) (Page 3 of 6) Answer the following required questions (continued) 8. Does the trust hold shares in a private corporation? If yes, and the trust is a personal trust, send the CRA a note giving details of the corporation, including, name, business number, and the number of shares held 1 Yes or 2 No ^ 9. Did the trust receive any additional property by way of a contribution of property (as defined in the "Definitions" of the guide) since June 22, 2000? If yes, enter the year and send the CRA a note giving details unless previously submitted Year ^ 1 Yes or 2 No ^ 10. Does the trust qualify as a public trust or public investment trust that has to post information about the trust on the CDS Innovations Inc. website under section 204.1 of the Income Tax Regulations? 1 Yes or 2 No ^ 11. Did the trust use the International Financial Reporting Standards when it prepared its financial statements? 1 Yes or 2 No ^ 12. Was this tax year deemed to have ended as a result of a loss restriction event? If yes, provide the date of the event (see the guide for details). (Year/Month/Day) ^ 1 Yes or 2 No ^ If the trust answers yes to any of questions 13, 14, 17, 18, or 19 below, you do not need to complete Schedule 15, Beneficial Ownership Information of a Trust. 13. Did the assets held in the trust have a total fair market value not exceeding $50,000 throughout the year? 1 Yes or 2 No ^ 14. Was the trust required under the relevant rules of professional conduct or the laws of Canada or a province to hold funds for the purposes of an activity that is regulated under those rules or laws and meets one of the conditions in subparagraphs 150(1.2)(c)(i) or (ii)? (see the guide for details) 1 Yes or 2 No ^ 15. Is the trust subject to the excessive interest and financing expenses limitation (EIFEL) rules contained primarily in sections 18.2 and 18.21? If yes, complete Schedule 130 1 Yes or 2 No ^ Note: A trust that is exempt from filing Schedule 130 because it meets the conditions on canada.ca/cra-eifel should answer "No" to question 15. 16. Is the trust a unit trust as defined under subsection 108(2) which meets the condition in subparagraph 127.55(f)(vi)? 1 Yes or 2 No ^ 17. Is the trust a trust, all the units of which are listed on a designated stock exchange? 1 Yes or 2 No ^ 18. Does the trust meet the conditions in paragraph 150(1.2)(b.1)? (see the guide for details) 1 Yes or 2 No ^ 19. Was the trust established for the purpose of complying with a statute of Canada or a province, and the trustee of the trust holds property in trust for a specified purpose? (see the guide for details) 1 Yes or 2 No ^ 20. Is the trust a trust for the benefit of Indigenous groups as described in subparagraph 127.55(f)(viii) or a trust described in subparagraph 127.55(f)(ix)? 1 Yes or 2 No ^ Step 2 - Calculating total income (see lines 1 to 13 in the guide) Line 1 and line 01: Taxable capital gains (line 24 of Schedule 1) ^ \\ Line 2 and line 02: Pension income (report CPP/QPP death benefits on line 12 below) ^ \\ Line 3 and line 03: Total of actual amount of dividends from taxable Canadian corporations (line 3 of Schedule 8) ^ Line 3A: Actual amount of dividends other than eligible dividends from taxable Canadian corporations (line 1 of Schedule 8) ^ \\ Line 4 and line 04: Foreign investment income (line 6 of Schedule 8) ^ \\ Line 5 and line 05: Other investment income (line 12 of Schedule 8) ^ Line 6: Business income (from Form T2125) (see line 6 in the guide) Line 96: Gross ^ Line 06: Net ^ Line 7: Farming (from Form T2042) or Fishing income (from Form T2121) (see line 7 in the guide) Line 97: Gross ^ Line 07: Net ^ Line 8: Rental income (from Form T776) (see line 8 in the guide) Line 99: Gross ^ Line 09: Net ^ Line 9 and line 10: AgriInvest Fund 2 payments (see line 9 in the guide) ^ (includes line 101 ^ Agrilnvest Fund 2 payments received while the beneficiary spouse or common- law partner is, or was, alive, or received by a communal organization) T3 RET E (25) (Page 4 of 6) Step 2 - Calculating total income (see lines 1 to 13 in the guide) (continued) Line 10 and line 11: Deemed dispositions income or losses (line 20 of Form T1055) ^ Line 11 and line 12: Non-deductible or add-back amounts of interest and financing expenses (line 535 of Schedule 130) ^ \\ Line 12 and line 19: Other income (specify and attach any information slips received) = ^ \\ Line 13 and line 20: Add lines 1 to 12. Trust's total income = ^ Step 3 - Calculating net income (see lines 14 to 32 in the guide) Line 14 and line 20: Trust's total income (line 13 of Step 2) ^ \\ Line 15 and line 21: Carrying charges and interest expenses (line 17 of Schedule 8) ^ Line 16 and line 22: Trustee fees (see lines 16 to 18 in the guide) ^ Line 17 and line 23: Trustee fees that do not relate to income or were deducted elsewhere on this return ^ Line 18 and line 24: Trustee fees deductible from income (line 16 minus line 17) = ^ Line 19 and line 25: Allowable business investment losses (see line 19 in the guide) ^ Line 20 and line 40: Other deductions from total income (specify - see line 21 in the guide) (report investment counsel fees paid, paragraph 20(1)(bb), on line 15 above) = ^ \\ Line 21 and line 41: Add lines 15, 18, 19, and 20. = ^ \\ Line 22 and line 42: Line 14 minus line 21 = ^ Line 23 and line 43: Taxable benefits (see lines 23 and 24 in the guide) Upkeep, maintenance, and taxes of a property used or occupied by a beneficiary ^ Line 24 and line 44: Value of other benefits to a beneficiary ^ \\ Line 25 and line 45: Total taxable benefits (line 23 plus line 24) = ^ \\ Line 26 and line 46: Income before allocations (line 22 plus line 25) = ^ Line 27 and line 471: Amounts paid or payable to beneficiaries ^ Line 28 and line 472: Less: Amounts designated under subsections 104(13.1) and (13.2) (attach a statement - see line 28 in the guide) ^ \\ Line 29 and line 47: Total deductible income allocations (line 27 minus line 28) = ^ \\ Line 30 and line 48: Income after allocations (line 26 minus line 29) ^ \\ Line 31 and line 49: Total gross-up amount of dividends retained or not designated by the trust (line 32 of Schedule 8) ^ Line 32 and line 50: Line 30 plus line 31 Trust's net income = ^ T3 RET E (25) (Page 5 of 6) Step 4 - Calculating taxable income (see lines 33 to 45 in the guide) Line 33 and line 50: Trust's net income (line 32 of Step 3) ^ Deductions to arrive at taxable income Line 34 and line 51: Non-capital losses of other years (see line 34 in the guide) ^ Line 35 and line 52: Net capital losses of other years (see line 35 in the guide) ^ Line 36 and line 541: Foreign income exempt from tax in Canada ^ Line 37 and line 542: Non-profit organizations (subparagraph 149(5)(f)(i)) ^ Line 38 and line 543: Farming or fishing losses of other years ^ Line 39 and ;line 544: Restricted farm losses of other years ^ Line 40 and line 545: Limited partnership losses of other years ^ Line 41 and line 547: Restricted interest and financing expenses of other years (line 537 of Schedule 130) ^ Line 42 and line 549: Other deductions ^ Line 43 and line 54: Total other deductions (add lines 36 to 42) = ^ Line 44 and line 55: Add lines 34, 35, and 43. = ^ \\ Line 45 and line 56: Line 33 minus line 44 Trust's taxable income = ^ If the amount is more than zero, enter the amount from line 45 on line 1 of Schedule 11. If the amount is zero or negative, enter "0" on line 45. If minimum tax applies, enter the positive or negative result from line 45 on line 25 of Schedule 12. Step 5 - Summary of tax and credits (see lines 46 to 80 in the guide) Tax: Line 46 and line 80: Part II.2 tax payable (line 53 of Schedule 10) ^ \\ Line 47 and line 81: Total federal tax payable (see line 47 in the guide) ^ \\ Line 48 and line 82: Provincial or territorial tax payable (from the applicable provincial or territorial form) ^ Line 49 and line 83: Part XII.2 tax payable (line 12 of Schedule 10) ^ Line 50 and line 84: Add lines 46 to 49. Total taxes payable = ^ Credits: \\ Line 51 and line 85: Tax paid by instalments ^ \\ Line C: Total tax deducted (see lines C, D, and 52 in the guide) ^ Line D: Transfer to Quebec ^ Line 52 and line 86: Net tax deducted (line C minus line D) = ^ Line 53 and line 87: Refundable Quebec abatement (line 36 of Schedule 11 or line 72 of Schedule 12) ^ Line 54 and line 88: Refundable investment tax credit (Form T2038(IND)) ^ Line 55 and line 881: Clean technology investment tax credit (Form T1098) ^ Line 56 and line 89: Capital gains refund (Form T184) ^ Line 57 and line 90: Part XII.2 tax credit (box 38 of T3 slip) ^ Line 58: Add lines 51 to 57. = ^ T3 RET E (25) (Page 6 of 6) Step 5 - Summary of tax and credits (continued) Line 59 and line 901: Newfoundland and Labrador research and development tax credit ^ Line 60 and line 903: British Columbia mining exploration tax credit ^ Line 61 and line 911: Federal environmental trust tax credit ^ Line 62 and line 912: British Columbia environmental trust tax credit ^ Line 63 and line 913: Saskatchewan environmental trust tax credit ^ Line 64 and line 914: Canadian journalism labour tax credit ^ Line 65 and line 915: Yukon research and development tax credit ^ Line 66 and line 916: Manitoba paid work experience tax credit ^ Line 67 and line 917: Manitoba odour-control tax credit ^ Line 68 and line 918: Manitoba green energy equipment tax credit ^ Line 69 and line 920: Return of fuel charge proceeds to farmers tax credit ^ Line 70 and line 921: British Columbia clean building tax credit ^ Line 71 and line 922: Ontario environmental tax credit ^ Line 72 and line 923: Yukon business carbon price rebate ^ Line 73 and line 924: Yukon mining carbon price rebate ^ Line 74 and line 925: Manitoba cultural industries printing tax credit ^ Line 75 and line 926: Manitoba rental housing construction incentive tax credit ^ Line 76 and linen 91: Total other credits (add lines 59 to 75) = ^ \\ Line 77 and line 93: Add lines 58 and 76. Total credits = ^ \\ Line 78 and line 94: Line 50 minus line 77 Balance owing or refund = ^ If the result is positive, you have a balance owing. If the result is negative, you have a refund. Generally, CRA does not charge or refund a difference of $2 or less. Line 79 and line 95: Amount enclosed ^ Balance owing: For information on how to make your payment, go to canada.ca/payments. Line 80 and line 102: Refund code (see the guide for details) ^ Refund: To receive a refund by direct deposit, complete Form T3-DD, Direct Deposit Request for T3. \\ Name and address of person or company (other than trustee, custodian, executor, liquidator, or administrator) who prepared this return. ^ Postal or ZIP code ^ Telephone number (including area code) ^ Certification (by trustee, custodian, executor, liquidator, or administrator) I, Name (print) ^ , certify that the information given on this return and in any attached document is correct, complete, and fully discloses all of my income. Authorized person's signature ^ Position or title ^ Date (Year/Month/Day) ^ Do not use this area. Box 172 Box 171 Do not use this area. Personal information (including the SIN) is collected and used to administer or enforce the Income Tax Act and related programs and activities including administering tax, benefits, audit, compliance, and collection. The information collected may be disclosed to other federal, provincial, territorial, aboriginal, or foreign government institutions to the extent authorized by law. Failure to provide this information may result in paying interest or penalties, or in other actions. Under the Privacy Act, individuals have a right of protection, access to and correction of their personal information, and to file a complaint with the Privacy Commissioner of Canada regarding the handling of their personal information. Refer to Personal Information Bank CRA PPU 015 on Info Source at canada.ca/cra-info- source.