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Workflow Templates

Trust Income Tax Return Template

Download your free Trust Income Tax Return template to personalize and use in your bookkeeping or accounting firm.

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Added and downloaded 90 times

Tax & ComplianceCanada

Created by Karbon

A preview of the templateTrust income tax return (T3) (Canada)Ready to Start1 AutomatorCreate and send engagement letter / agreement to client (via client request)CompletedICLIENT TASKSTax time is here 1 AutomatorReview and confirm this year's trust tax engagement (attached)CompletedPProvide your year-end financial summary, trust general ledger access, and any tax-related documents/slipsCompletedFKick-off4 Automators

About this template

This is the Karbon best practice template for trust tax returns (T3). To use this template with Karbon, set all trust tax returns under a 'Tax: T3 (Estates and Trusts)' work type. There are four roles in this work template for Admin, Preparer, Reviewer and Client Manager (for the tax review meeting).

The start date is when you would like to begin the work (e.g. day after fiscal year-end) and the due date is no later than 90 days after the end of each tax year (the tax year of a trust is its fiscal period). The work assignee is the Admin.

The automators within the workflow will update the task due dates and move the assignment of the work automatically based on the completion of the sections themselves.

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How to use this template

Add this template to Karbon

Get more out of this template by adding it to your Karbon Practice Management cloud-based software, including:

  • Time and Budget Estimates
  • Task Automation
  • Client Task Automation
  • Client Work Scheduling
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Alternatively, you can

Download Trust Income Tax Return Template

.

Karbon Practice Management

A preview of the templateTrust income tax return (T3) (Canada)Ready to Start1 AutomatorCreate and send engagement letter / agreement to client (via client request)CompletedBCLIENT TASKSTax time is here 1 AutomatorReview and confirm this year's trust tax engagement (attached)CompletedVProvide your year-end financial summary, trust general ledger access, and any tax-related documents/slipsCompletedJKick-off4 Automators

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How to customize a template

You can edit any saved template to fit your firm's specific needs. Before making changes, duplicate a pre-populated template by selecting it, clicking the "..." menu, and choosing Duplicate.

Common customizations:

  • Reorder or nest tasks
  • Add or remove tasks
  • Edit the client task email
  • Use or modify Tasklist automators

Read the support article to learn more.

About Karbon

Karbon is an AI-powered practice management platform for accounting firms, designed to streamline operations and support scalable growth.

Trusted by nearly 3,000 firms, Karbon boosts productivity by an average of 18% by uniting teams, clients, work, billing, and reporting in one place. With 30+ integrations and an open API, it’s fully customizable.

Learn more at karbonhq.com or book a demo to see how Karbon can help your firm grow.

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