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Date: December 21, 2009
File Format: PDF
State: Canada
Category: Tax Forms
Word Count: 437 Words, 2,832 Characters
Page Size: Letter (8 1/2" x 11")
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http://www.cra-arc.gc.ca/E/pbg/tf/t1061/t1061-09e.pdf

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CANADIAN AMATEUR ATHLETE TRUST GROUP INFORMATION RETURN

An international sports federation (ISF) may require certain amounts (appearance fees, prizes, or endorsements) to be held, controlled, and administered by a registered Canadian amateur athletic association (RCAAA) to preserve the athlete's eligibility to compete in sporting events sanctioned by an ISF. In these cases, we consider the RCAAA to be the trustee and the athlete to be the beneficiary. The RCAAA, acting as a trustee for an "amateur athlete trust" as defined under subsection 143.1(1.2) of the Income Tax Act, has to complete this return. The association completes this "group return" for a group of individual athletes. Send the completed return, along with the required attachments, to: Ottawa Technology Centre, 875 Heron Road, Ottawa ON K1A 1A2. The association has to file this return no later than 90 days after the end of the tax year. The tax year for the trust is the calendar year. Attach the following information for all trusts covered by this return: ­ a statement of assets and liabilities at the end of the tax year; ­ a statement of receipts and disbursements for the tax year; and ­ a reconciliation of the year-end balance to that of the year before. If the association made payments to resident athletes during the year, complete and attach the following forms: ­ T3 Summary, Summary of Trust Income Allocations and Designations; and ­ T3 slip, Statement of Trust Income Allocations and Designations. If the association made payments to non-resident athletes, complete the following forms: ­ T3ATH-IND, Amateur Athlete Trust Income Tax Return, for each non-resident athlete; ­ NR4 Summary, Return of Amounts Paid or Credited to Non-Residents of Canada; and ­ NR4 slip, Statement of Amounts Paid or Credited to Non-Residents of Canada. If any trust included in this group is subject to tax under subsection 207.1(5) on an agreement to acquire shares, complete the following forms for each of these trusts: ­ T2000, Calculation of Tax on Agreements to Acquire Shares; and ­ T3ATH-IND, Amateur Athlete Trust Income Tax Return.
Trustee's name (name of the registered Canadian amateur athletic association filing this return) Account number (if one has been assigned)

T
Trustee's mailing address

­

­

Return for tax year

Name of the person filing this return

Telephone number

RCAAA registration number

Mailing address if different from trustee's

Number of trusts this return is filed for

Certification I,
(print name)

, certify that the information given in this return and in any

documents attached is, to the best of my knowledge, correct and complete.

Signature of authorized registered Canadian amateur athletic association official

Position or title

Date

T1061 E (09)

(Ce formulaire est disponible en français.)