Who must file a T3 trust return in Canada?

A T3 trust return is required when a trust earns income, sells capital property, or distributes funds to beneficiaries.

What is the difference between a trust tax accountant and a general accountant?

A trust tax accountant handles trust income, distributions, CRA compliance, and T3 filing. A general accountant does not specialise in trust structures.

Trust Accounting And Tax Services Canada

Trust Accounting and Tax Services in canada

Why work with Legend Fusions for trust accounting and tax services?

Trusts and estates represent more than numbers. These are entire legacies, futures and people that need to be safeguarded. Rest assured that with Legend Fusions, your trust and estate taxes are in capable hands.

Our licensed trust tax accountants handle every part of trust accounting and tax reporting with accuracy and respect. With us, your trust and estate reporting is done timely and carefully. Families using trusts can get support from our Estate Planning team, and for related filings, our Personal Tax Services can also be helpful.

You can view all services on our Canada services page.

Who We Help

We work with trustees, executors, and families across Canada handling their trust obligations, providing specialised accounting and tax support for family trusts, estate trusts, and business trusts.

Family Trusts

We handle family trust accounting services that include maintaining clear financial records, managing beneficiary distributions to ensure peace of mind for every family member.

Estate Trusts

Our team assists executors with estate and trust tax reporting, ensuring all income, expenses, and disbursements are accurately documented and filed with the CRA. This service is a key component of effective estate tax planning in Canada.

Business Trusts

We provide business trust accounting services across Canada, managing income tracking, expense reporting, and trust tax filings. This integrates with our wider services in corporate accounting and compliance to keep your trust structure aligned with all regulations.

What’s Included in Our Services

We offer end-to-end estate and trust tax support, including:

Let Us Handle Your Trust and Estate Taxes with Care and Clarity

You can reach our team anytime through the contact page

Frequently Asked Questions

Here’s the Answer to Some Frequently Asked Questions

What are trust accounting and tax services in Mississauga?

Trust accounting and tax services in Mississauga help trustees and executors manage financial records, prepare and file T3 trust returns, and stay fully compliant with CRA regulations.

Who is required to file a T3 Trust Return in Canada?

Any trust that earns income, disposes of capital property, or distributes funds to beneficiaries must file a T3 Trust Income Tax and Information Return with the CRA. This includes family, estate, and business trusts, even if no tax is payable.

When is the T3 Trust Return due in Canada?

Most T3 trust tax returns are due 90 days after the trust’s tax year-end. For testamentary trusts, this falls 90 days after December 31st. Filing late may result in CRA penalties or delayed processing for beneficiaries.

What’s the difference between a trust accountant and a regular accountant?

A trust tax accountant specializes in managing and reporting income, distributions, and capital for trusts and estates under CRA rules. They understand complex structures, deadlines, and compliance requirements that general business accountants may not handle regularly.

Where can I find a trust tax accountant near me in Mississauga?

You can find qualified trust tax accountants in Mississauga at Legend Fusions, a global accounting and advisory firm offering local expertise. Our team specializes in trust accounting, CRA compliance, and T3 return filing for families, estates, and businesses across Mississauga and the Greater Toronto Area (GTA).