Trust Statistical Tables (2009 to 2013 tax years)

The Trust Statistical Tables provide key tax and accounting information for all trusts with tax years that ended in 2009 to 2013 and that filed corresponding trust income tax returns as of December 2015. For these statistical tables, only information from trusts that have to file the T3 Trust Income Tax and Information Return has been captured. As a result, information about 20,000 trusts is not included in these statistical tables, since those trusts do not file a trust income tax return. These tables will be released once a year.

Table of Contents

• Explanatory Notes
  • Filing requirements
  • Coverage
  • Confidentiality
  • Data sources
• Changes that impact the data
• Description of items/variables
  • Federal Tax payable
  • Jurisdiction
  • Net Income
  • Non-resident trusts and deemed resident trusts
  • Provincial or territorial and part XII.2 taxes payable
  • Tax year
  • Taxable income
  • Total income
  • Total tax payable
  • Trust
  • Types of trusts
• Tables in PDF format
• Tables in CSV format

Explanatory notes

Filing requirements

A T3 return must be filed if a trust is subject to tax and any one of the following conditions applies. The trust:

• has tax payable;
• is resident in Canada and has either disposed of, or is deemed to have disposed of, a capital property or has a taxable capital gain;
• is a non-resident throughout the year, and has a taxable capital gain or has disposed of taxable Canadian property;
• is a deemed resident trust;
• holds property that is subject to subsection 75(2) of the Income Tax Act;
• has provided a benefit of more than $100 to a beneficiary for upkeep, maintenance, or taxes for property kept for the beneficiary’s use; or
• receives from the trust property any income, gain, or profit that is allocated to one or more beneficiaries, and the trust has:
  • total income from all sources of more than $500;
  • income of more than $100 allocated to any one beneficiary;
  • made a distribution of capital to one or more beneficiaries; or
  • allocated any part of the income to a non-resident beneficiary.

Coverage

The statistics included in these tables cover trusts with tax years that ended in 2009 to 2013 and that filed corresponding trust income tax returns as of December 2015.

Confidentiality

To ensure the protection of taxpayer information, data have been suppressed where warranted. As well, counts are rounded to the nearest multiple of 10. For example, 104 would be rounded to 100 and 105 would be rounded to 110. Dollar amounts are rounded and in thousands in all tables. Totals may not add up due to rounding or suppression.

Data sources

The statistical tables in this report reflect trust income tax returns filed and assessed or reassessed for the tax years that ended in 2009 to 2013. The data used to produce the tables are derived from the information given on trust income tax returns and related schedules, which are captured in the Automated Trust System database as of December 2015. Only trusts that have to file a T3 Trust Income Tax and Information Return are included.

Changes that impact the data

For all changes in legislation that have occurred during the 2009 to 2013 period, please consult the Department of Finance website. For additional information please refer to the Guide T4013 T3 - Trust Guide.

Description of items/variables

Federal Tax Payable

The federal tax payable is the sum total of all amounts reported on line 81 on the T3 Trust Income Tax and Information Return. These amounts are derived in one of two ways; from line 44 of Schedule 11 or line 55 of Schedule 12.

Jurisdiction

The provincial and territorial jurisdictions used are those identified in Step 1 (identification and other required information) of the T3 Trust Income Tax and Information Return. A trust is liable for provincial or territorial tax at the rate that applies for its province or territory of residence on the last day of its tax year. The trust uses the applicable provincial or territorial tax form to calculate the provincial or territorial tax. A resident trust may carry on a business with a permanent establishment in a province or territory other than the province or territory of residence or in a foreign country.

The Province of Quebec collects its own provincial income tax. A trust may be resident in Quebec on the last day of its tax year and have income from a business with a permanent establishment in another province or territory. If so, the trust has to calculate that province’s or territory’s income tax on the trust’s federal tax return.

Net Income

The net income of a trust is determined by adding the “Gross-up amount of dividends retained by the trust” at line 49 to the “Income after allocations” reported at line 48. Amounts included in these tables are those reported on line 50 of the T3 Trust Income Tax and Information Return.

Non-resident trusts and deemed resident trusts

A non-resident trust or a deemed resident trust that carries on a business with a permanent establishment in a province or territory is subject to provincial or territorial tax on the business income it earned in that province or territory. A non-resident trust or a deemed resident trust may carry on a business in Canada without a permanent establishment in Canada. In this case, it may be subject to the federal surtax.

Provincial or Territorial and Part XII.2 Taxes Payable

A trust is liable for provincial or territorial tax at the rate that applies for the province or territory of residence if it was a resident of a province or territory on the last day of its tax year. The applicable provincial or territorial tax form is to be used to calculate the provincial or territorial tax.

Part XII.2 tax applies when a trust:

• has specified income as described below;
• has a designated beneficiary as described below; and
• allocates or designates any of its income

Amounts included in these tables are those reported on lines 82 and 83 of the T3 Trust Income Tax and Information Return.

Tax year

A tax year includes all the T3 returns with a tax year-end in the calendar year. For example, all amounts relating to a T3 return covering the period between September 1, 2008, and August 30, 2009, will be included in the 2009 tax year.

Taxable income

This is the income on which the trust is subject to tax. Taxable income is derived by applying deductions and additions to net income. These include non-capital losses of other years; net capital losses of other years; capital gains deduction (for resident spousal or common-law partner only); and other deductions. Amounts included in these tables are the amounts greater than zero and reported on line 56 of the T3 Trust Income Tax and Information Return.

Total income

This is the trust’s total income from all sources and includes taxable capital gains, pension income, actual dividends from Canadian corporations, foreign investment income, business, farming, fishing rental, and AgriStability and AgriInvest income, other income, and other investment income. Amounts included in these tables are those reported on line 20 of the T3 Trust Income Tax and Information Return.

Total tax payable

This is the total amount of tax payable by trusts before refundable tax credits, such as the Capital Gains Refund. The total tax payable includes federal and provincial/territorial taxes (except Quebec). Amounts included in these tables are the ones reported on line 84 of the T3 Trust Income Tax and Information Return.

Trust

A trust is a binding obligation enforceable by law. A trust may be created by one of the following:

• a person (either verbally or in writing);
• a court order; or
• a statute.

Generally, a trust is created when it is properly established and there is certainty of:

• the intent to create a trust;
• the property to be placed in trust; and
• who the beneficiaries of the trust are.

Types of trusts

A trust is either a testamentary trust or an inter vivos trust. Each trust has different tax rules.

Testamentary trust

A testamentary trust is a trust or estate that is generally created on the day a person dies. All testamentary trusts are personal trusts. The terms of the trust are established by the will or by court order in relation to the deceased individual’s estate under provincial or territorial law.

Generally, this type of trust does not include a trust created by a person other than a deceased individual, or a trust created after November 12, 1981, if any property was contributed to it other than by a deceased individual as a consequence of the individual’s death.

If the assets are not distributed to the beneficiaries according to the terms of the will, the testamentary trust may become an inter vivos trust.

Inter vivos trust

An inter vivos trust is a trust that is not a testamentary trust.

For more information and definitions on the various trust types, see the T3 Trust Guide. For previous years see: Archived T3 trust guides

Tables in PDF format

Please see the explanatory notes for these tables.

• Table 1: Number of Trusts by Jurisdiction, 2009 to 2013
• Table 2: Total Income by Jurisdiction, 2009 to 2013
• Table 3: Taxable Income by Jurisdiction, 2009 to 2013
• Table 4: Total Tax Payable by Jurisdiction, 2009 to 2013
• Table 5: Number of Trusts by Type, 2009 to 2013
• Table 6: Total Income by Trust Type, 2009 to 2013
• Table 7: Taxable Income by Trust Type, 2009 to 2013
• Table 8: Total Tax Payable by Trust Type, 2009 to 2013
• Table 9: Total Income and Number of Trusts by Income Range, 2009 to 2013
• Table 10: Net Income of by Jurisdiction, 2009 to 2013
• Table 11: Net Income by Trust Type, 2009 to 2013
• Table 12: Federal Tax Payable by Jurisdiction, 2009 to 2013
• Table 13: Federal Tax Payable by Trust Type, 2009 to 2013
• Table 14: Provincial or Territorial and Part XII.2 Taxes Payable by Jurisdiction, 2009 to 2013
• Table 15: Provincial or Territorial and Part XII.2 Taxes Payable by Trust Type, 2009 to 2013

Tables in CSV format

Please see the explanatory notes for these tables.

Table 1: Number of Trusts by Jurisdiction, 2009 to 2013

Notes:

1. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality.
2. Counts are rounded to the nearest ten.
3. Counts include all trust income tax returns that were assessed or reassessed during the period.
4. Counts only include trusts that filed a T3 Trust Income Tax and Information Return.
5. Data are as of December 2015.
6. Data are presented on a tax year basis and are subject to change.

Table 2: Total Income by Jurisdiction, 2009 to 2013

Notes:

1. The sum of the data may not match the totals, due to rounding and/or suppressing for confidentiality.
2. Amounts include all trust income tax returns that were assessed or reassessed during the period.
3. Amounts are rounded and in thousands of dollars.
4. Amounts are calculated using line 20 of the T3 Trust Income Tax and Information Return.
5. Data are as of December 2015.
6. Data are presented on a tax year basis and are subject to change.

Table 3: Taxable Income by Jurisdiction, 2009 to 2013

Notes:

1. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality.
2. A dash [ - ] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
3. Amounts include all trust income tax returns that were assessed or reassessed during the period.
4. Amounts are rounded and in thousands of dollars.
5. Amounts are calculated using line 56 of the T3 Trust Income Tax and Information Return.
6. Data are as of December 2015.
7. Data are presented on a tax year basis and are subject to change.

Table 4: Total Tax Payable by Jurisdiction, 2009 to 2013

Notes:

1. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality.
2. A dash [ - ] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
3. Amounts include all trust income tax returns that were assessed or reassessed during the period.
4. Amounts are rounded and in thousands of dollars.
5. Amounts are calculated using line 84 of the T3 Trust Income Tax and Information Return. Line 84 includes total federal, provincial, territorial and Part XII.2 tax payable.
6. These are the total amounts of tax payable by trusts before refundable tax credits have been applied.  For example, the Capital Gains Refund.
7. Data are as of December 2015.
8. Data are presented on a tax year basis and are subject to change.

Table 5: Number of Trusts by Type, 2009 to 2013

Notes:

1. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality.
2. A dash [ - ] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
3. Counts are rounded to the nearest ten.
4. Counts include all trust income tax returns that were assessed or reassessed during the period.
5. Counts only include trusts that filed a T3 Trust Income Tax and Information Return.
6. Data are as of December 2015.
7. Data are presented on a tax year basis and are subject to change.
8. RRSP = Registered retirement savings plan; RRIF = Registered retirement income fund, RESP = Registered education savings plan; RDSP = Registered disability savings plan, created in 2009; TFSA = Tax-free savings account, created in 2009; SIFT = Specified investment flow-through, created in 2007; Employee life and health trusts were created in 2010.

Table 6: Total Income by Trust Type, 2009 to 2013

Notes:

1. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality.
2. A dash [ - ] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
3. Amounts include all trust income tax returns that were assessed or reassessed during the period.
4. Amounts are calculated using line 20 of the T3 Trust Income Tax and Information Return.
5. Amounts are rounded and in thousands of dollars.
6. Data are as of December 2015.
7. Data are presented on a tax year basis and are subject to change.
8. RRSP = Registered retirement savings plan; RRIF = Registered retirement income fund, RESP = Registered education savings plan; RDSP = Registered disability savings plan, created in 2009; TFSA = Tax-free savings account, created in 2009; SIFT = Specified investment flow-through, created in 2007; Employee life and health trusts were created in 2010.

Table 7: Taxable Income by Trust Type, 2009 to 2013

Notes:

1. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality.
2. A dash [ - ] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
3. Amounts include all trust income tax returns that were assessed or reassessed during the period.
4. Amounts are calculated using line 56 of the T3 Trust Income Tax and Information Return.
5. Amounts are rounded and in thousands of dollars.
6. Data are as of December 2015.
7. Data are presented on a tax year basis and are subject to change.
8. RRSP = Registered retirement savings plan; RRIF = Registered retirement income fund, RESP = Registered education savings plan; RDSP = Registered disability savings plan, created in 2009; TFSA = Tax-free savings account, created in 2009; SIFT = Specified investment flow-through, created in 2007; Employee life and health trusts were created in 2010.

Table 8: Total Tax Payable by Trust Type, 2009 to 2013

Notes:

1. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality.
2. A dash [ - ] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
3. Amounts include all trust income tax returns that were assessed or reassessed during the period.
4. Amounts are calculated using line 84 of the T3 Trust Income Tax and Information Return. Line 84 includes total federal, provincial, territorial and Part XII.2 tax payable.
5. Amounts are rounded and in thousands of dollars.
6. These are the total amounts of tax payable by trusts before refundable tax credits have been applied.  For example, the Capital Gains Refund.
7. Data are as of December 2015.
8. Data are presented on a tax year basis and are subject to change.
9. RRSP = Registered retirement savings plan; RRIF = Registered retirement income fund, RESP = Registered education savings plan; RDSP = Registered disability savings plan, created in 2009; TFSA = Tax-free savings account, created in 2009; SIFT = Specified investment flow-through, created in 2007; Employee life and health trusts were created in 2010.

Table 9: Total Income and Number of Trusts by Income Range, 2009 to 2013

Notes:

1. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality.
2. Income range is based on the total income reported by the trust.
3. Counts are rounded to the nearest ten.
4. Counts only include trusts that filed a T3 Trust Income Tax and Information Return.
5. Amounts include all trust income tax returns that were assessed or reassessed during the period.
6. Amounts and income ranges are calculated using line 20 of the T3 Trust Income Tax and Information Return.
7. Amounts are rounded and in thousands of dollars.
8. Data are as of December 2015.
9. Data are presented on a tax year basis and are subject to change.

Table 10: Net Income by Jurisdiction, 2009 to 2013

Notes:

1. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality.
2. A dash [ - ] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
3. Amounts include all trust income tax returns that were assessed or reassessed during the period.
4. Amounts are rounded and in thousands of dollars.
5. Amounts are calculated using line 50 of the T3 Trust Income Tax and Information Return.
6. Data are as of December 2015.
7. Data are presented on a tax year basis and are subject to change.

Table 11: Net Income by Trust Type, 2009 to 2013

Notes:

1. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality.
2. A dash [ - ] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
3. Amounts include all trust income tax returns that were assessed or reassessed during the period.
4. Amounts are calculated using line 50 of the T3 Trust Income Tax and Information Return.
5. Amounts are rounded and in thousands of dollars.
6. Data are as of December 2015.
7. Data are presented on a tax year basis and are subject to change.
8. RRSP = Registered retirement savings plan, RRIF = Registered retirement income fund, RESP = Registered education savings plan, RDSP = Registered disability savings plan, created in 2009, TFSA = Tax-free savings account, created in 2009, SIFT = Specified investment flow-through, created in 2007, Employee life and health trusts were created in 2010.

Table 12: Federal Tax Payable by Jurisdiction, 2009 to 2013

Notes:

1. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality.
2. A dash [ - ] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
3. Amounts include all trust income tax returns that were assessed or reassessed during the period.
4. Amounts are rounded and in thousands of dollars.
5. Amounts are calculated using line 81 of the T3 Trust Income Tax and Information Return.
6. Data are as of December 2015.
7. Data are presented on a tax year basis and are subject to change.

Table 13: Federal Tax Payable by Trust Type, 2009 to 2013

Notes:

1. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality.
2. A dash [ - ] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
3. Amounts include all trust income tax returns that were assessed or reassessed during the period.
4. Amounts are calculated using line 81 of the T3 Trust Income Tax and Information Return.
5. Amounts are rounded and in thousands of dollars.
6. Data are as of December 2015.
7. Data are presented on a tax year basis and are subject to change.
8. RRSP = Registered retirement savings plan, RRIF = Registered retirement income fund, RESP = Registered education savings plan, RDSP = Registered disability savings plan, created in 2009, TFSA = Tax-free savings account, created in 2009, SIFT = Specified investment flow-through, created in 2007, Employee life and health trusts were created in 2010.

Table 14: Provincial or Territorial and Part XII.2 Taxes Payable by Jurisdiction, 2009 to 2013

Notes:

1. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality.
2. A dash [ - ] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
3. Amounts include all trust income tax returns that were assessed or reassessed during the period.
4. Amounts are rounded and in thousands of dollars.
5. Amounts are calculated using line 82 and 83 of the T3 Trust Income Tax and Information Return.
6. Data are as of December 2015.
7. Data are presented on a tax year basis and are subject to change.

Table 15: Provincial or Territorial and Part XII.2 Taxes Payable by Trust Type, 2009 to 2013

Notes:

1. The sum of the data may not match the totals due to rounding and/or suppressing for confidentiality.
2. A dash [ - ] indicates that the information has been suppressed for confidentiality. Suppressed information also includes valid zeros.
3. Amounts include all trust income tax returns that were assessed or reassessed during the period.
4. Amounts are calculated using line 82 and 83 of the T3 Trust Income Tax and Information Return.
5. Amounts are rounded and in thousands of dollars.
6. Data are as of December 2015.
7. Data are presented on a tax year basis and are subject to change.
8. RRSP = Registered retirement savings plan, RRIF = Registered retirement income fund, RESP = Registered education savings plan, RDSP = Registered disability savings plan, created in 2009, TFSA = Tax-free savings account, created in 2009, SIFT = Specified investment flow-through, created in 2007, Employee life and health trusts were created in 2010.