Free t3-rca-09e.pdf - Canada

PART XI.3 TAX RETURN RETIREMENT COMPENSATION ARRANGEMENT (RCA)
Complete this return using the instructions in the T4041, Retirement Compensation Arrangements Guide. Is this the first T3-RCA tax return filed? Yes Yes Yes Yes Yes No No No No No

Do not use this area

RCA trust's tax year

Identification
RCA trust's name

Is this an amended T3-RCA tax return? Is this the final return of the RCA trust? (If yes, attach an extra sheet to expain the reason for closure) Has the address changed since the last T3-RCA tax return? Has the custodian changed since the last T3-RCA tax return? (If yes, attach a copy of the amended trust agreement to this return)

Custodian's name

Custodian's address

Mailing address (if different)

Custodian account number

CS
Person to contact about this tax return Area code Telephone number

­ Complete the steps in order. Step 1 is on page 2 of this tax return. Step 4 ­ Election under subsection 207.5(2) to recover refundable tax on hand
You can make this election only if all of the property in the RCA at the end of the tax year (other than a right to claim a refund under subsections 164(1) or 207.7(2)) consisted of cash, debt obligations, shares listed on a designated stock exchange, or any combination of these. Property of the RCA trust (at the end of the tax year): Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Debt obligations: Principal amounts . . . . . . . . . 02 Fair market values . . . . . . . . . Line 02 or 03 for each, whichever is more . . . . . 03 + + e e q 04 05 06 01

Fair market value of shares listed on a designated stock exchange . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total property of the RCA trust at the end of the tax year (add lines 01, 04, and 05). Transfer this amount to line 01 of Step 5.

Election You have to complete and sign the election before we can refund the tax.
I,
(print name)

, custodian of the

RCA trust, tax year. I have attached separate lists giving

elect to have the amount on line 06 above deemed to be refundable tax at the end of the details of amounts entered on lines 02, 03, and 05.
Date

Custodian's signature (this must be an original signature)

Step 5 ­ Part XI.3 tax payable or refundable
Refundable tax on hand at the end of the tax year (line 24 or 29 in Part 3 of Step 3 on page 4, or line 06 of Step 4 above, whichever one applies) . . . . . . . . . Deduct: Refundable tax on hand at the beginning of the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 02 Refundable tax on hand transferred during the year to another RCA . . . . . . . . . . . . . . . . . . . . 03 Refundable tax on hand transferred during the year from another RCA . . . . . . . . . . . . . . . . . e 04 Line 02 minus line 03 plus line 04 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . q Subtotal: Line 01 minus line 05 (if negative, enclose in brackets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . q Deduct: Refundable tax deducted and remitted by employer or contributor during the year . . . . . . . . 07 Refundable tax remitted by custodian during the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e 08 Line 07 plus 08 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . q Balance owing or refund (line 06 minus line 09) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . q Refund 11 Balance owing 12 Amount enclosed 01

05 06

09 10

Attach a cheque or money order payable to the Receiver General for Canada. Do not mail cash. The amount is due no later than 90 days after the end of the year for which the return is being filed. You may have to pay a penalty for late payment if you have a balance owing.

Step 6 ­ Certification
I,
(print name)

, certify that the information in this return and in any documents attached is, to the best of my knowledge, correct, complete, and fully discloses the income from all sources.

Date

Authorized person's signature Do not use this area
............... ............... ...............

Position or office

................................................................................................................................. ................................................................................................................................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .tax­end .of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..... .... .................................................................................................................................
Adjustment Balance unpaid Refund Increase (decrease) in refundable Refundable tax­end of year

Tax

Penalty

Payments

Arrears interest

...............

Language of correspondence
Refund interest

English

Français

Tax Centre

TSO code Code du BSF

WINNIPEG
Centre fiscal

21

T3-RCA E (09)

Page 1 of 4

(Vous pouvez obtenir ce formulaire en français à www.arc.gc.ca.)

Step 1 ­ Supporting documentation
1. Is this the first tax year of the RCA trust, or were any changes made to the terms of the arrangement during the year? 2. Were any transfers of beneficial interests in the arrangement reported to you?
Name of person who disposed of an interest Address Name of person who bought an interest Address Social insurance number or Business Number

2
No No Yes Yes If yes, attach documents to support the original or amended arrangement, as applicable. If yes, provide the following:
Social insurance number or Business Number

3. Were any amounts returned to an employer or contributor, or distributed as benefits during the year? Payroll Account Number

No

Yes

If yes, attach copies of T4A-RCA slips or copies of NR4 slips, and provide the following numbers, as applicable:

Non-resident remittance account number

R P
4. Indicate how many members of the RCA for whom the RCA trust received contributions. 5. Was any property other than cash distributed during the year? 6. Has the RCA trust acquired or disposed of property during the year at other than fair market value? 7. Is any property of the RCA trust leased or used by any member of the RCA or a related person? 8. Did the RCA trust loan money out of the RCA during the year? 9. Were any amounts transferred to, or received from, another RCA during the year? 10. Is the RCA associated with another plan, such as an employee benefit plan, a registered pension plan, or a salary deferral arrangement? No No No No No No Yes Yes Yes Yes Yes Yes

N R Q
If yes, attach complete details. If yes, attach complete details. If yes, attach complete details. If yes, attach a copy of the loan agreement. If yes, attach a copy of the letter of agreement. If yes, attach complete details.

11. If the employer submitted the RCA for registration under the Income Tax Act as a registered pension plan (RPP) and we refused to register the arrangement as an RPP, give the date of the final determination.

Year

Month

Day

You have to complete Step 2 for us to process your return. Step 2 ­ Details of contributions received during the year
Part 1 ­ Amounts received from employer (Give details for each contribution received from an employer during the year ­ attach a separate list if required.)
Date contribution received Month Day Year .......................................................................... .......................................................................... .......................................................................... .......................................................................... .......................................................................... .......................................................................... .......................................................................... .......................................................................... .......................................................................... .......................................................................... Subtotal Total contributions from employer (transfer this amount to line 02 of Step 3 on page 4) ­ Attach copy 2 of the T737-RCA information slips. The total in box 18 on all the slips has to equal the amount on line 01. . . . . . . . . . . . . . . . . . . . . . . . . . Amount received

i2
01

Part 2 ­ Amounts received directly from an RCA member (attach a separate list if required)
Date contribution received Year Month Day Name of member who made the contribution Amount received

Total contributions from members (transfer this amount to line 03 of Step 3 on page 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

02

Part 3 ­ Amounts transferred directly from another RCA trust (attach a separate list if required)
Date contribution received Year Month Day Name of RCA trust making the transfer Amount received

For more information about transferring amounts between trusts, see page 16 of Guide T4041, Retirement Compensation Arrangements Guide.

Subtotal

i2
03

Transferred amount (transfer this amount to line 04 of Step 3 on page 4) ­ Attach a copy of the letter of agreement . . . . . . . . . . .
Page 2 of 4

3

Before you mail your tax return, make sure that all required information slips, documents, and statements giving the details requested are attached to this page.

When and where to file a T3-RCA tax return
Send the completed tax return no later than 90 days after the end of the RCA trust's tax year, together with all required attachments and payment for any balance owing, to the RCA Unit, Winnipeg Tax Centre, 66 Stapon Road, Winnipeg MB R3C 3M2. Send this tax return separately from any other return. Keep a photocopy for your records. If the employer submitted the RCA for registration under the Income Tax Act as a registered pension plan (RPP) and we have refused to register the arrangement as an RPP, the T3-RCA tax return is due 90 days after the date of the final determination or 90 days after the end of the RCA trust's tax year, whichever is later. If refundable tax is due, attach a cheque or money order payable to the Receiver General for Canada. On the back of the payment, write "Form T3-RCA" and indicate the name of the custodian whose account is to be credited and the CS Custodian account number to which the payment applies. We can apply a penalty if you file this tax return late. The penalty is 5% of the unpaid tax that is due on the filing deadline, plus 1% of this unpaid tax for each complete month that the tax return is late, up to a maximum of 12 months.

When you are ready to make the first distribution out of the RCA trust to a beneficiary
You should apply for a remittance account number by completing Form T735, Application for a Remittance Number for Tax Withheld From a Retirement Compensation Arrangement (RCA). For more information, see page 13 in the T4041, Retirement Compensation Arrangements Guide.

Documents you should attach to the T3-RCA tax return
Include with this tax return one copy of the financial statements for income (losses) from business or property. If you answered yes to any of the questions in Step 1, attach the requested documents and complete details. If this is the first tax year of the RCA trust, attach a copy of the original trust agreement, or if there were changes made to the terms of the arrangement, attach a copy of the amended trust agreement. Include with this tax return one copy of all required information slips (including any T737-RCA, T4A-RCA, and NR4 information slips, if applicable). If any property other than cash was distributed during the year, attach complete details. If the RCA trust acquired or disposed of property during the year at other than fair market value, attach complete details. If any property of the RCA trust was leased or used by any member of the RCA or a related person, attach complete details. If the RCA trust loaned money out of the RCA during the year, attach a copy of the loan agreement. If any amounts were transferred to, or received from, another RCA trust during the year, attach a copy of the letter of agreement. For the information required, see the T4041, Retirement Compensation Arrangements Guide. If the RCA trust is associated with another plan, attach complete details. If you completed Option B in Part 3 of Step 3, attach a copy of the T4A-RCA and NR4 information slips for the next year. If you have elected to recover a refund of refundable tax on hand, attach details of the amounts entered on lines 04 and 05 in Step 4. If you do not sign the election in Step 4, we will not refund any amount.

Page 3 of 4

Step 3 ­ Calculating the refundable tax on hand for the current year
Part 1 ­ Refundable tax on hand before distributions or election
Refundable tax on total contributions at the beginning of the year (from line 06 of Step 3 of your prior year's tax return) . . . . . . . . . . 02 Current year's employer contributions (from line 01 of Step 2) . . . . . . . . . . 03 Current year's member contributions (from line 02 of Step 2) . . . . . . . . . . . e 04 Current year's amount transferred from another RCA trust (from line 03 of Step 2) . e Refundable tax on total contributions (add lines 02 to 04) . . . . . . . . . . . . . . q e i 50% q . . . . . . . . . . . . . Refundable tax on total contributions at the end of the year (line 01 plus line 05) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . q Income and capital gains at the beginning of the year (from line 10 of Step 3 of your prior year's tax return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Current year's income from business and property * . . . . . . . . . . . . . . . . . . e Current year's capital gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e Total income and capital gains (add lines 07 to 09) . . . . . . . . . . . . . . . . . . q Losses and capital losses at the beginning of the year (from line 14 of Step 3 of your prior year's tax return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Current year's losses from business and property * . . . . . . . . . . . . . . . . . . e Current year's capital losses * . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e Total losses and capital losses (add lines 11 to 13) . . . . . . . . . . . . . . . . . . q

4 01

05 06

07 08 09 10 11 12 13 14

Excess of income and capital gains over losses and capital losses 15 (line 10 minus line 14 ­ if negative, enter "0") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . q Refundable tax on excess of income and capital gains over losses and capital losses . . . . . . . . . . . . Amount from line 15 i 50% q e Refundable tax on hand before distributions or election (line 06 plus line 16). Transfer this amount to line 17 in Part 3 below. . . q * If you enter income or losses from business and property on line 08 or line 12 or have a current year capital loss on line 13, attach financial statements.

16 17

Part 2 ­ Distributions
Distributions at the beginning of the year (from line 22 in Part 2 of Step 3 on page 4 of your prior year's return) . . . . . . . . . . . . . . . . Current year's distributions out of the RCA trust (Do not include amounts transferred directly to another RCA or amounts returned to the employer.) Attach a copy of all T4A-RCA information slips and a photocopy of all NR4 information slips. . . . . . . . . . e Current year's amounts returned to employer or employee to be included in employer or employee's income (Attach a copy of all T4A-RCA information slips and a photocopy of all NR4 information slips.) ........................................... e Current year's amounts transferred directly to another RCA trust (Attach a copy of the letter of agreement.) . . For more information about transferring amounts between trusts, see page 16 of the RCA Guide. i 2e

18 19 20 21 22

Total distributions (add lines 18 to 21). Transfer this amount to line 22 in Part 3 below. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . q

Part 3 ­ Refundable tax on hand (after distributions) at the end of the tax year
Enter the amount from line 17 in Part 1 above. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Enter the amount from line 22 in Part 2 above. . . . . . . . . . . . . . . . . . . . . . i 50% q Refundable tax on hand (after distributions) at the end of the tax year. (line 17 minus line 23) . . . . . . . . . q

17 23 24

Depending on which option below applies, use Option A, complete Option B, or use Option C.
A ­ If you satisfy the conditions specified in Step 4 on page 1 and you wish to make the election under subsection 207.5(2) go to Step 4. _____________________________________________________________________________________ B ­ If you have distributed all of the property held by the RCA such that no property remains in the RCA at the end of the year (other than the right to receive a refund of the refundable tax):

Enter the Refundable tax on hand (from line 24 above). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the amount of the refundable tax on hand that will be distributed when received. (Attach T4A-RCA and NR4 information slips for the next year.) . . . . . . . . . . . . . . . . . . . .

26

27
i 50% q

Line 26 minus line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . q

28 29

If the amount on line 29 is nil, enter the amount on line 1 of Step 5. If the amount is positive you must use Option A (if available) or use Option C. _____________________________________________________________________________________ C ­ If Options A or B are not applicable, enter the amount from line 24 above on line 1 of Step 5 on page 1.
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