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This version of the form is not currently in use and is provided for reference only. Download this version of
Form T3 Schedule 9
for the current year.
Form T3 Schedule 9 Income Allocations and Designations to Beneficiaries - Canada
Form T3 Schedule 9, Income Allocations and Designations to Beneficiaries, is used in Canada to report the allocation and designation of income to beneficiaries of a trust for tax purposes. It helps determine how income from the trust is distributed and taxed among the beneficiaries.
In Canada, the Form T3 Schedule 9 Income Allocations and Designations to Beneficiaries is usually filed by the legal representative or trustee of an estate or trust.
FAQ
Q: What is Form T3 Schedule 9?
A: Form T3 Schedule 9 is a tax form in Canada used to allocate and designate income to beneficiaries of a trust.
Q: Who needs to file Form T3 Schedule 9?
A: Form T3 Schedule 9 should be filed by trustees of trusts in Canada who need to allocate and designate income to beneficiaries.
Q: What information is required on Form T3 Schedule 9?
A: Form T3 Schedule 9 requires information on the trust, including the name and address of the trust, the beneficiaries, and the income to be allocated.
Q: When is Form T3 Schedule 9 due?
A: Form T3 Schedule 9 is typically due within 90 days after the end of the taxation year of the trust.
Q: Are there any penalties for late or incorrect filing of Form T3 Schedule 9?
A: Yes, there may be penalties for late or incorrect filing of Form T3 Schedule 9, including interest charges on any unpaid amounts.
Q: Is there any fee to file Form T3 Schedule 9?
A: No, there is no fee to file Form T3 Schedule 9 with the CRA.
Q: Can I make changes to Form T3 Schedule 9 after filing?
A: Yes, you can make changes to Form T3 Schedule 9 by filing an amended return with the CRA.
