📄 T3SCH130 – Excessive Interest and Financing Expenses Limitation (CRA)

Form T3SCH130 is a schedule used with a T3 Trust Income Tax and Information Return to report amounts under the Excessive Interest and Financing Expenses Limitation (EIFEL) rules for trusts. This schedule helps calculate limits on interest and financing expense deductions, as specified in the Income Tax Act of Canada.

📥 How to Get Form T3SCH130

  • Download and fill the accessible fillable PDF on your computer.
  • Open with Adobe Acrobat Reader 10 or later.
  • Alternatively, print and complete by hand.

📊 What T3SCH130 Reports

This schedule helps a trust report:

  • Amounts of interest and financing costs that may be limited under EIFEL rules.
  • Relevant affiliate interest, financing expenses and related derivatives for controlled foreign affiliates.

Amounts from T3SCH130 may feed into the main T3 return, for example on Line 11 (Non‑deductible or add‑back amounts of interest and financing expenses).

🧾 When to File

You must attach Schedule 130 to your T3 trust return when the trust has interest or financing costs subject to the EIFEL limitation. Some tax software products include this schedule automatically; otherwise download the PDF.

If you prepare the trust return electronically, certified software may allow direct entry of Schedule 130 amounts.

📂 Filing Methods

  • Include T3SCH130 with your paper T3 return mailed to the CRA.
  • File electronically if your tax software supports Schedule 130.
  • If software doesn’t support it, you can submit via Represent a Client → Submit Documents.

📎 When EIFEL Rules Apply

The schedule is specific to trusts that:

  • Have interest/financing expense to related affiliates or other limitations to report.
  • Must apply EIFEL rules as part of their return preparation.

Detailed instructions and calculations are in CRA technical publications on EIFEL.

📌 Tips for Trust Filers

  • Keep supporting documents and calculations used to determine amounts on Schedule 130 in case CRA asks for verification.
  • If you amend a T3 return for a prior year and that year required Schedule 130, include the revised T3SCH130 for that year.
  • Contact a tax professional if the trust has complex affiliate interest or financing relationships.