Preparing and Filing Trust Returns for 2024 – AC Recorded Webinar

This 3-hour webinar will provide an overview on current and proposed filing requirements for trust returns and focus on various issues related to preparing and filing T3 returns and slips.

TOPICS:

• Current requirements to file a T3 return under the ITA
• Proposed changes to the filing requirements for trusts
• CRA Guidance on bare trust filings for 2024
• Proposed changes to the capital gains inclusion rate
• Completing Schedule 15
• Changes to Alternative Minimum Tax for Trusts for 2024
• Tips for Preparing the T3 Return
• Printing and filing T3 slips
• Québec filing requirements.
• Filing deadlines
• Mandatory electronic filing for tax preparers 
• Applying for a Trust Number
• How to electronically file the T3 return
• Submitting supporting documents
• Electronic payment requirements
• Adjusting a T3 return
• Other returns to be filed
• Accessing the CRA portal “My Trust Account”

Portions of the webinar will be presented using the Taxprep for Trusts, CCH iFirm Taxprep T3 and Cantax FormMaster software programs in order to illustrate the forms and calculations involved as well as the EFILE process. However, the information provided will be of interest to anyone that will be required to prepare a T3 return.

LEARNING OBJECTIVES:

• Be aware of the new filing requirements for a T3 return
• Understand the impact on a bare trust 
• Learn how to file the return, slips and supporting documents
• Discover how to access T3 data online

MINIMUM REQUIREMENTS:

You will require an Internet connection and a phone/voice connection at the same time. Most attendees use their computer for the audio. Participants are able to submit questions and comments during the session. Terms, conditions, pricing and services subject to change.

TARGET AUDIENCE:

This webinar will be of most interest to accountants, lawyers and other tax professionals responsible for trust tax compliance within their organization. 

THIS WEBINAR INCLUDES:

• 30-days to review the webinar recording
• Print version of the presentation slides

PRESENTER: Maureen Vance, CPA, CA

Maureen obtained her CA with Peat Marwick Mitchell (a predecessor of KPMG) and joined Taxprep (now a part of Wolters Kluwer) in 1985. She completed the CICA in-depth tax course in 1991, and since 2002 has been a consultant to Wolters Kluwer on tax and compliance issues. 

Maureen researches and writes material on tax planning and compliance and presents seminars and webinars on various tax and software topics to accounting firms across Canada. She is a member of the CRA-CPA Canada Technology Working Group, a contributor to the CPA Canada Tax Risk Management Guide, a contributing author for the Wolters Kluwer publications Preparing Your Income Tax Returns, Preparing Your Trust Returns, Preparing Your Corporate Tax Returns and Preparing Your Partnership Returns and a frequent contributor to the Wolters Kluwer Canada publication Tax Topics.