Determine whether a trust should file a Trust Income Tax Return (T3), and where and when to a file a T3.
Determine when a trust has to complete and distribute T3 slips, filing methods for T3 slips, and due dates.
Differentiate between testamentary and inter vivos trusts, and get the code numbers for different types of trusts.
Determine what a SIFT trust is, and get the tax calculation formula for SIFT trusts.
Original Source: https://www.canada.ca/en/services/taxes/income-tax/trust-income-tax.html