On January 31, 2025, the Canada Revenue Agency (CRA) announced that an "impacted T3 Trust filer" could benefit from an automatic waiver of interest and penalties if the T3 return was filed no later than May 1, 2025. The CRA later clarified that the relief also applies to T3 slips.
We reached out to the CRA to ask whether the relief also applies to NR4 returns required to be filed by impacted T3 Trust filers. The CRA confirmed that the relief does apply to NR4 returns for impacted T3 Trust filers who report capital dispositions:
"The CRA confirms the relief on late-filing penalties and arrears interest until May 1, 2025, for impacted T3 Trust filers who report capital dispositions is also applicable to Form NR4 – Statement of Amounts Paid or Credited to Non-Residents of Canada filed by a trust."
Originally posted on LinkedIn on April 1, 2025
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Ryan Minor
Chartered Professional Accountants of Canada
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