Do you have a family trust? If so, this return is due 90 days after December 31, 2022. Which happens to be March 31st. The form is called a T3 and the purpose of this form is to report the income earned by the trust during the 2022 calendar year and allocate the income to the beneficiaries of the trust. Any income which is not allocated will be taxed in the trust and income allocated to beneficiaries will be taxable income to them.
If the trust is not active you still have to file the form. But think of how easy it is to file a form when nothing is happening. What excuse would you use for not filing the return when there was nothing to it? So, get the form filed and take another procrastinated task off of your list.
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