You have to file a T3 return if income from the trust property is subject to tax, and in the tax year, the trust: has tax payable is requested to file is resident in Canada and has either disposed of, or is deemed to have disposed of, a capital property or has a
Interest If you have a balance owing for 2017, the Canada Revenue Agency charges compound daily interest starting May 1, 2018, on any unpaid amounts owing for 2017. This includes any balance owing if we reassess your return. In addition, the CRA will charge you interest on the penalties starting the day after your return is due.
As we approach the tax time, here are some answers to questions you may have. 1. Do you need to do your taxes? Doing your taxes is part of your responsibilities as a taxpayer. Doing your taxes means you have to fill out various forms, including the ones in the income tax packages. They