T1061 - fill out and auto calculate/complete form online

Canada Revenue
Agency

Agence du revenu
du Canada

Protected B when completed

Canadian Amateur Athlete Trust Group Information Return

Unless otherwise stated, each legislative reference in this return is to the Income Tax Act.

Do not use this area.

Complete this return to report the following arrangements described in subsection 143.1(1.1).

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.

An amateur athlete may enter into an arrangement that meets all of the following conditions:

•

is an account with an issuer described in paragraph (b) of the definition "qualifying arrangement" in
subsection 146.2(1) (generally, a trust company, a licensed annuities provider, a member of the Canadian Payments
Association or a credit union)

•

provides for the deposit, credit or addition to the account of only "qualifying performance income" as defined in
subsection 143.1(1)

•

provides that a third party is a mandatory signatory on any payment from the account

•

is not a registered retirement savings plan or a tax-free savings account

We consider the "third party" to be the trustee and the athlete to be the beneficiary.

The RCAAA or third party, acting as trustee for the amateur athlete trust, 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. The RCAAA or third party may complete this return for a group of individual athletes.

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

•

a reconciliation of the year-end balance to that of the year before

If the amateur athlete trust made a payment to a resident athlete or former athlete during the year, complete and attach both of the following forms:

•

T3 Summary, Summary of Trust Income Allocations and Designations

•

T3 slip, Statement of Trust Income Allocations and Designations

If the amateur athlete trust made a payment to a non-resident athlete or former athlete, complete and attach all of the following forms:

•

T3ATH-IND, Amateur Athlete Trust Income Tax Return, for each non-resident athlete or former athlete

•

NR4 Summary, Return of Amounts Paid or Credited to Non-Residents of Canada

•

NR4 slip, Statement of Amounts Paid or Credited to Non-Residents of Canada

If the amateur athlete trust is subject to tax under subsection 207.1(5) on an agreement to acquire shares, complete and attach both of the following
forms for the trust:

•

T2000, Calculation of Tax on Agreements to Acquire Shares

•

T3ATH-IND, Amateur Athlete Trust Income Tax Return

Beneficial ownership information requirement

Answer the following questions for each amateur athlete trust covered by this T1061 to determine if any of the trusts are required to file a T3 Schedule 15,
Beneficial Ownership Information of a Trust (T3 SCH15):

Does the particular amateur athlete trust fall outside of the meaning of "express trust" (as that term is defined in the T3 Guide)

or for civil law purposes was the trust established by law or by judgement?

Yes

If you answered “Yes” to question 1 for a particular trust, the particular trust is not required to complete a T3 SCH15.

If you answered “No” to question 1, answer question 2.

Did the assets held in the trust consist only of those listed in paragraph 150(1.2)(b) with a total fair market value not exceeding

$50,000 throughout the year?

Yes

If you answered “Yes” to question 2 for a particular trust, the particular trust is not required to complete a T3 SCH15.

If you answered “No” to question 2 for the particular trust, a T3ATH-IND return with a completed T3 SCH15 will be required to
be filed for the trust.

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(Ce formulaire est disponible en français.)

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Protected B when completed

Identification and other information

RCAAA registration number (if applicable)

Account number (if one has been assigned)

Tax year of the return

Number of trusts this return is filed for

Your language of correspondence:

English

French

Trustee information (Choose only one of the two following options and fill in the required information about the trustee.)

Enter only the information of the trustee that is the CRA's primary contact. Do not enter information for any other trustees.

Option 1 – The trustee is an Individual (For example, a third party, a trustee, a filer, or an administrator)

First name of trustee

Last name of trustee

Telephone number

Address

City

Province/Territory or State

Country

Postal or ZIP code

Option 2 – The trustee is a Non-individual (For example, an RCAAA, a third party, a corporation, a partnership, or a trust company)

Name of non-individual trustee

First name of contact person

Last name of contact person

Telephone number

Address

City

Province/Territory or State

Country

Postal or ZIP code

If the mailing address of the trust is different from the address above, fill in this section.

Care of (C/O)

Telephone number

Address

City

Province/Territory or State

Country

Postal or ZIP code

Certification

, certify that the information given on this return and in any attached documents is correct, complete and

(print name)

fully discloses all of my income.

Signature of amateur athlete trust official

Position or title

Date (YYYY MM DD)

How to file this return

By internet

By mail

You have the option to file this return through EFILE. For more
information about this filing method, go to canada.ca/efile.

Sudbury Tax Centre
T3 Trust Returns Program
Canada Revenue Agency
1050 Notre Dame Avenue
Sudbury ON P3A 6C2

Personal information (including the SIN) is collected and used to administer or enforce the Income Tax Act and related programs and activities including administering tax, benefits, audit,
compliance, and collection. The information collected may be disclosed to other federal, provincial, territorial, aboriginal or foreign government institutions to the extent authorized by law.
Failure to provide this information may result in paying interest or penalties, or in other actions. Under the Privacy Act, individuals have a right of protection, access to and correction of
their personal information, or to file a complaint with the Privacy Commissioner of Canada regarding the handling of their personal information. Refer to Personal Information Bank CRA
PPU 015 on Information about Programs and Information Holdings at canada.ca/cra-information-about-programs.

T1061 E (23)

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