Free untitled - Canada

AMATEUR ATHLETE TRUST INCOME TAX RETURN
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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. Send the completed return, along with any payment owing, 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. To claim a Part XII.2 tax credit, complete a T3 Trust Income Tax and Information Return.
Athlete's first name and initials Account number (if one has been assigned)

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Athlete's last name

T
Athlete's address

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Athlete's social insurance number RCAAA registration number

Trustee's name (name of RCAAA) Trustee's address (address of RCAAA)

Trustee's telephone number

Address where the trust keeps its books and records (if different from trustee's address)

Province or territory of residence Return for tax year of the trust

Year Date the trust was created

Month

Day Did the trust cease to exist in the tax year?

Yes No

Year If yes, give the date the trust wound up.

Month

Day

Calculating Part XII.2 tax and Part XIII non-resident withholding tax
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Use this area to calculate the Part XII.2 tax on distributions of amounts to a non-resident athlete or former athlete. The Part XII.2 tax is due no later than 90 days after the trust's year-end. Trustees are liable for any Part XII.2 tax not paid by the due date.

Part 1 ­ Calculating Part XII.2 tax
Amounts distributed to, or for the benefit of, the non-resident athlete in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Amounts deemed to have been distributed to a non-resident athlete during the year (64% of the fair market value of the property held when the athlete died or the trust ceased to exist) . . . . . . . . . . . . . . Total amount taxable in the year (add lines 1 and 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Part XII.2 tax: Amount from line 3 270 e q q 1 2 3 4

i 56.25% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part 2 ­ Calculating Part XIII non-resident withholding tax
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The trustee has to withhold Part XIII tax and send it to us by the 15th day of the month after the month the tax was withheld. The Part XIII tax is the amount on line 3 above multiplied by 25%. Provisions of a tax treaty might reduce this amount. We have explained the rates that apply to trust income that residents of various foreign countries receive in the appendix of Information Circular 76-12, Applicable rate of part XIII tax on amounts paid or credited to persons in countries with which Canada has a tax convention. You can also get these rates by calling the International Tax Services Office. Report the amount of tax payable on an NR4 Summary, Return of Amounts Paid or Credited to Non-Residents of Canada, and the related NR4 slips, Statement of Amounts Paid or Credited to Non-Residents of Canada. Subtract any Part XIII tax on distributions the association previously paid showing on Form NR76, Non-Resident Tax Statement of Account. Enter the payer's remittance number.

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Agreements entered into to acquire shares of the capital stock of a corporation (other than from the corporation) at a price that may differ from their fair market value when acquired
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Complete this area and Form T2000, Calculation of Tax on Agreements to Acquire Shares, if the trust entered into an agreement (other than for the acquisition, or the writing by it, of an option listed on a designated stock exchange) to acquire a share of the capital stock of a corporation (other than from the corporation) at a price that may differ from the fair market value at the time the share may be acquired. Attach the completed Form T2000 to this return. ..... 241 5

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Subsection 207.1(5) tax on agreements to acquire shares (enter the amount calculated on Form T2000)

Summary of tax or refund
Tax under subsection 207.1(5) on agreements to acquire shares (from line 5) . . . . . . . . . . . . . . . . . . . . . . . . Part XII.2 tax (line 4 above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total tax payable (add lines 6 and 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Minus: Payments on account ........................................................... Balance owing or refund (line 8 minus line 9) Generally, we do not charge or refund $2 or less. Amount enclosed
Payment: Attach a cheque or money order payable to the Receiver General. Do not mail cash.

140 170 190 010 090 095 q e q

6 7 8 9 10 11

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

T3ATH-IND E (09)

(Ce formulaire est disponible en français.)