What does a trust or estate return cost

Usually two returns, not one

A trust or estate T3 return starts at $750. Where someone has died, there is usually also a final personal return to file, which starts at $65 for a straightforward one and $350 where there was business income.

Trust and estate deadlines do not follow the ordinary personal tax calendar, and the reporting requirements for trusts have tightened in recent years. Confirming which returns are due, and when, is the first part of the work rather than an afterthought.

What is involved

How the work begins

1. 1

   Step 1: Establish what exists

   The trust or estate, the assets, and any outstanding prior years.

2. 2

   Step 2: Scope and price in writing

   Both returns quoted before any paid work.

3. 3

   Step 3: Filed and explained

   The result set out plainly for the executor or trustee.

How much does a T3 trust or estate return cost?

At HBT Accounting a trust or estate T3 return starts at $750 plus GST or HST where it applies. Where a final personal return is also required it starts at $65, or $350 where there was business or self employed income. The total depends on the number of beneficiaries, the assets involved and whether prior years are outstanding.