Form T1235 Directors / Trustees and Like Officials Worksheet - Canada

Form T1235, also known as the Directors/Trustees and Like Officials Worksheet, is used in Canada for reporting specific information about the directors, trustees, and officials associated with certain Canadian organizations. The purpose of this form is to gather details about these individuals, such as their names, addresses, positions, and the amount of remuneration or benefits they receive.

This form is typically filed by the organization for which the individuals serve as directors, trustees, or officials. It helps the Canadian government in maintaining proper records and ensuring compliance with tax regulations related to these individuals and their compensation.

Form T1235 Directors/Trustees and Like Officials Worksheet - Canada - Frequently Asked Questions (FAQ)

Q: What is Form T1235 Directors/Trustees and Like Officials Worksheet?
A: Form T1235 Directors/Trustees and Like Officials Worksheet is a form used in Canada to report information about directors, trustees, and other similar officials of a corporation or an organization.

Q: Who needs to file Form T1235 Directors/Trustees and Like Officials Worksheet?
A: Any corporation or organization in Canada that has directors, trustees, or similar officials needs to file Form T1235 if they paid or credited any remuneration, such as salaries or honoraria, to those officials during the year.

Q: What information is required on Form T1235 Directors/Trustees and Like Officials Worksheet?
A: Form T1235 requires you to provide the names, addresses, and social insurance numbers of the directors, trustees, or similar officials, as well as the total amount of remuneration paid or credited to each individual.

Q: When is the deadline to file Form T1235 Directors/Trustees and Like Officials Worksheet?
A: Form T1235 must be filed by the end of February following the tax year in which the remuneration was paid or credited.