Create a T3 from a T1

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1

We can create info slip files from a T2. Would be nice to be able to create a T3 from a T1, in similar fashion.

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2

Would be great to have vote buttons on the suggestions :smile: I like this idea

3

you can use the ‘like this post’ function

4

@BertMulderCGA @sylviaburch

How do you envision this will work? What fields are we populating in the T3 from the T1?

I suspect this might be a straight forward thing. But before I start, I would like to understand the circumstances under which it is useful.

Best,

~ Cameron

5

I envision it very simple, just the populate the input and engagement form. This would be used in the cases where a new client needs multiple years, and we start in the current year to get the T1013 filed.

6

It is also useful when you are creating an estate T3 , all the information is in the deceased’s T1 final.

7

Been working to many hours…

My answer related to creating a prior year file from the current file.

What I envision by creating a T3 from and T1 is for all kinds of testamentary trusts, just like creating a T4, T5 or T5918 from a T2.

8

Are there any plans regarding creating a T3 return from T1 return?

9

@vivayala

Yes, we are planning to do this. We will look at these types of things once all of our certifications are done. We’ve certified everything except TP1, and RL1/RL2, so we’ll have time to move on to this soon.

Best,

~ Cameron

1 Like
10

Do you have an approximate timeline for this (Creating a T3 from T1)?

11

@paul

I will look at this today. If all goes well, you will see it in our release on Wednesday.

~ Cameron

12

Thanks…much appreciated:-)