# Schedule 15

**URL:** <https://www.protaxcommunity.com/t/schedule-15/8168>\
**Category:** Tax Topics\
**Created:** [March 27, 2024, 2:46pm UTC](https://www.protaxcommunity.com/t/schedule-15/8168 "2024-03-27T14:46:51Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![taxheadache](https://avatars.discourse-cdn.com/v4/letter/t/73ab20/32.png) [@taxheadache](https://www.protaxcommunity.com/u/taxheadache)\
**Post date:** [March 27, 2024, 2:46pm UTC](https://www.protaxcommunity.com/t/schedule-15/8168/1 "2024-03-27T14:46:51Z")

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Trust was created in 2013. Audited by CRA in person. All Trust documents provided to CRA at that time. Trust has filed annual returns each year since then. Settler has passed. Trustees and beneficiaries have not changed. Income distributed to all 3 beneficiaries each year.

For Schedule 15, can I indicate “No” to the first question or do I need to complete the entire schedule?

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**Author:** ![Deepinthemoneycall](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/deepinthemoneycall/32/3832_2.png) [@Deepinthemoneycall](https://www.protaxcommunity.com/u/Deepinthemoneycall)\
**Post date:** [March 27, 2024, 3:37pm UTC](https://www.protaxcommunity.com/t/schedule-15/8168/3 "2024-03-27T15:37:15Z")

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You can indicate that beneficiaries have no changes, that’s correct.

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**Author:** ![sarka](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/sarka/32/2667_2.png) [@sarka](https://www.protaxcommunity.com/u/sarka)\
**Post date:** [March 27, 2024, 7:26pm UTC](https://www.protaxcommunity.com/t/schedule-15/8168/4 "2024-03-27T19:26:58Z")

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My understanding is that since this is the first year where the T3 includes Schedule 15 it does need to be completed for all trusts EXCEPT if the trust falls into one of the limited exclusions that are available.

Details and information for how to complete Schedule 15 can be found in the [T3 Trust Guide](https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4013/t3-trust-guide.html#schedule_15) .

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**Author:** ![kevin](https://avatars.discourse-cdn.com/v4/letter/k/2acd7d/32.png) [@kevin](https://www.protaxcommunity.com/u/kevin)\
**Post date:** [March 27, 2024, 8:20pm UTC](https://www.protaxcommunity.com/t/schedule-15/8168/5 "2024-03-27T20:20:06Z")

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CRA has stated that Schedule 15 is the ONLY way of providing the information.