Comments on: Canadian Taxes – Waiting for the T3 http://divestor.com/2010/03/24/canadian-taxes-waiting-for-the-t3/ Canadian Finance, Economics and Securities Analysis Thu, 09 Feb 2012 16:39:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sacha Peter http://divestor.com/2010/03/24/canadian-taxes-waiting-for-the-t3/comment-page-1/#comment-3523 Sacha Peter Fri, 26 Mar 2010 06:36:57 +0000 http://divestor.com/?p=3526#comment-3523 There are trusts (not publicly traded) out there that are run much less formally and I believe this is what the 90 day requirements were intended for. Maybe the government can mandate an accelerated T3 filing for publicly traded trusts. There are trusts (not publicly traded) out there that are run much less formally and I believe this is what the 90 day requirements were intended for.

Maybe the government can mandate an accelerated T3 filing for publicly traded trusts.

]]> By: Barry Kington http://divestor.com/2010/03/24/canadian-taxes-waiting-for-the-t3/comment-page-1/#comment-3520 Barry Kington Thu, 25 Mar 2010 14:33:07 +0000 http://divestor.com/?p=3526#comment-3520 In this age of sophisticated computer systems is it really necessary to allow trusts to take 90 days to get their tax information out to their customers? This delay is a nuisance for everyone, for taxpayers who have to wait to file and receive refunds, for firms who prepare returns who are over-loaded in April, and probably for CRA who are also over-loaded in April. Some banks seem to be able to get T3 forms out by February 28, but obviously most firms take the full 90 days because they can and don't have to rush. I think CRA should seriously consider moving the date back to March 15 at the latest, or even February 28. In this age of sophisticated computer systems is it really necessary to allow trusts to take 90 days to get their tax information out to their customers? This delay is a nuisance for everyone, for taxpayers who have to wait to file and receive refunds, for firms who prepare returns who are over-loaded in April, and probably for CRA who are also over-loaded in April.
Some banks seem to be able to get T3 forms out by February 28, but obviously most firms take the full 90 days because they can and don’t have to rush.
I think CRA should seriously consider moving the date back to March 15 at the latest, or even February 28.

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