TaxCycle | Products | Pricing | Training | Documentation | Support | News

T3-Customer copy vs CRA copy

T3- provided to the taxpayer however several T3’s sent to CRA which add up to the T3 received by taxpayer. Very easy to double count. Source: big 5 canadian bank.
Has anyone seen this.
Thank you

All the time. Consolidated T3’s.

Each mutual fund is a separate trust that must file a T3 with CRA. Banks & other carriers consolidate for their unit holders. Usually the slip is accompanied by a table showing the numbers for each box by fund. My pet peeve: clients with scissors! Without the table, matching is guesswork.