The T3 has been filed for the Estate, still to come is the distribution to the beneficiaries. There are several bequests to Registered Charities. When the Charitable Donation receipts are received do we make an adjustment to the already filed T3, which has income? There will be no further income in the Estate against which to make that claim.
Yes, T3 adj to add the donations you are claiming on the T3 tax return; if there are still leftover donations not needed and there are taxes payable on the final return or preceding year, you can carry them back to the T1 final return or year prior; for the T3 Sch 11A Donations; add to line 11117 the amount of the donations applied to the final return or the immediately preceding tax year, and include that with your T3 adj
Thanks for your help, much appreciated.
its worth noting that this only applies if the estate is a graduated rate estate or former graduated rate estate at the time the donation is transferred to the charity
ie: it must be done within 5 years of the date of death
I have a similar situation, but the GRE estate is in year 3 and made large donations that are being carried back to both the last two T1 years, and also the first 2 GRE years. I can see the line where I enter donations carried back to the T1 years, but I can’t see where I should indicate amounts carried back to the earlier estate years? Do I just exlcude them from the current filing and make T3 adjustment requests? How does this work if I am partially claiming individual donation amounts? It seems like the forms are not set up to handle this.
What i did, is where you enter the donation/slip info, I wrote in:: Donations c/b to GRE year end XXXX-XX-XX and entered the amount as a negative
This way its clear what is being done and why, and donation amounts on hand are being used up (and anything left, carried forward) appropriately
It took time, but CRA ultimately process my adjustments without issue