Due date for paying a balance owing on a T3 Trust Income Tax and Information Return.

You have to pay any balance owing on a T3 Trust Income Tax and Information Return no later than 90 days after the end of the trust's taxation year. However, if the due date for payment falls on a Saturday, Sunday or a holiday recognized by CRA, we consider the payment to be paid on time if we receive it or if it is postmarked on the next business day.

If you cannot pay your balance owing on time, we will accept a payment arrangement only after you have reasonably tried to obtain the necessary funds by borrowing or re-arranging your financial affairs. If you cannot pay the balance in full, you should contact your tax services office to discuss a mutually acceptable payment arrangement based on your ability to pay. We will still charge daily compound interest on any outstanding balance starting the day after the due date, until you pay it in full.