The service standard for processing a tax return for a trust has long been 17 weeks. This year many more people will be affected by that long timeline, experts say
The Canada Revenue Agency says its service standard for processing what’s known as a T3 Trust Income Tax and Information Return is 17 weeks, which is more than eight times longer than the time it takes the CRA to handle individual income tax returns filed electronically.
“This is one more issue caused by the inordinately broad new filing requirement,” said Mr. Neilson, who is also director of taxation services at Kingston Ross Pasnak LLP. In an e-mail statement to The Globe and Mail, CRA spokesperson Charles Drouin said the agency expects to receive a higher volume of T3 returns now that the obligation to file has been extended to almost all trusts.
The agency has been automating more of its trust-return processing, including by recently enabling electronic filing for all such returns, he added.
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