What are the T3 filing deadlines for mutual fund trusts following a qualifying exchange where there is a continuing trust and a trust that disappears?
CRA noted that the deemed year end arising under s. 132.2(1)(b) for both trusts accelerated the return filing deadline under Reg. 204(2), except that for the trust that disappeared, Reg. 205(2) required it to file a return within 30 days of the day of the discontinuance of its business or activity. However, CRA went on to note that application could be made for a return-filing extension.