Paying a Trust's Income Tax Balance
As a trustee, you must pay the trust's income tax balance within the filing period for the trust's return, that is, within 90 days after the end of the trust's taxation year.
A balance that is outstanding after that time bears interest at the prescribed rate.
You can use a remittance slip (form TPZ-1026.0.1.F-V) to pay the balance due for 2021 or another taxation year. The slip has been available since 2018. You can get a copy using the Ordering Forms and Publications service or by contacting our client services.
If the trust has a balance due, you can pay it:
Certain trusts may be required to pay income tax instalments for a given taxation year.