| Protected B when completed | |||||||||||||||||||||||
| Step 2 – Details of contributions received during the year (continue) | |||||||||||||||||||||||
| Part 3 – Amounts transferred directly from another RCA trust | |||||||||||||||||||||||
| (Send us a separate list if required.) | |||||||||||||||||||||||
| For more information about transferring amounts between trusts, go to canada.ca/retirement-compensation-arrangements. | |||||||||||||||||||||||
| Date contribution received | Name of RCA trust making the transfer | Amount received | |||||||||||||||||||||
| Year Month Day | |||||||||||||||||||||||
| Transfer this subtotal amount to line 42 - Subtotal | |||||||||||||||||||||||
| x 2 | |||||||||||||||||||||||
| Transfered amount | 6041 | = | •3 | ||||||||||||||||||||
| Transfer this amount to line 4 of Step 3 | |||||||||||||||||||||||
| Send us a copy of the letter of agreement. | |||||||||||||||||||||||
| 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 7 of Step 3 of your prior year's tax return) | 601 | • 1 | |||||||||||||||||||||
| Current year's employer contributions (from line 1 of Step 2) | 602 | • 2 | |||||||||||||||||||||
| Current year's member contributions (from line 2 of Step 2) | 603 | + | • 3 | ||||||||||||||||||||
| Current year's amount transferred from another RCA trust (from line 3 of Step 2) | 604 | + | • 4 | ||||||||||||||||||||
| Add lines 2 to 4 | = | 5 | |||||||||||||||||||||
| Multiply line 5 by 50% | x | 50 % | |||||||||||||||||||||
| Refundable tax on total contributions | = | ► | + | 6 | |||||||||||||||||||
| Refundable tax on total contributions at the end of the year (line 1 plus line 6) | 606 | = | •7 | ||||||||||||||||||||
| Income and capital gains at the beginning of the year (from line 11 of | |||||||||||||||||||||||
| Step 3 of your prior year's tax return) | 607 | •8 | |||||||||||||||||||||
| Current year's income from business and property* | 608 | + | •9 | ||||||||||||||||||||
| Current year's capital gains* | 609 | + | •10 | ||||||||||||||||||||
| Total income and capital gains (add lines 8 to 10) | 610 | = | •11 | ||||||||||||||||||||
| Losses and capital losses at the beginning of the year | |||||||||||||||||||||||
| (from line 15 of your prior year's tax return) | 611 | •12 | |||||||||||||||||||||
| Current year's losses from business and property* | 612 | + | •13 | ||||||||||||||||||||
| Current year's capital losses* | 613 | + | •14 | ||||||||||||||||||||
| Total losses and capital losses (add lines 12 to 14) | 614 | = | •15 | ||||||||||||||||||||
| Excess of income and capital gains over losses and capital losses | |||||||||||||||||||||||
| (Line 11 minus line 15. If negative, enter 0) | 16 | ||||||||||||||||||||||
| Multiply line 16 by 50% | x | 50 % | |||||||||||||||||||||
| Refundable tax on excess of income and capital gains over losses and capital losses. | 616 | = | ► | + | •17 | ||||||||||||||||||
| Refundable tax on hand before distributions or election (line 7 plus line 17). | |||||||||||||||||||||||
| Transfer this amount to line 25 of Part 3 | 617 | = | •18 | ||||||||||||||||||||
| * If you enter income or losses from business and property on line 9, line 10 or line 13 or have a current-year capital loss on line 14, send us the financial statements. |
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| Part 2 – Distributions | |||||||||||||||||||||||
| Distributions at the beginning of the year (from line 24 of your prior year's return) | 618 | •19 | |||||||||||||||||||||
| Current year's distributions out of the RCA trust (do not include amounts transferred directly to another RCA or amounts | |||||||||||||||||||||||
| returned to the employer). Send us a copy of all T4A-RCA summaries or NR4 summaries | 619 | + | •20 | ||||||||||||||||||||
| Current year's amounts returned to employer or employee to be included in employer or employee's | |||||||||||||||||||||||
| income. Send us a copy of the T4A-RCA Summary or NR4 Summary | 620 | + | •21 | ||||||||||||||||||||
| Current year's amounts transferred directly to another RCA trust. | |||||||||||||||||||||||
| Send us a copy of the letter of agreement | 621 | •x2= | ► | + | 22 | ||||||||||||||||||
| Taxes on prohibited investments and advantages paid in the current year, to the extent that these taxes have not been | |||||||||||||||||||||||
| waived, refunded or cancelled (distribution under section 207.65) | 6211 | + | •23 | ||||||||||||||||||||
| Total distributions (add lines 19 to 23). Transfer this amount to line 26 of Part 3 | 622 | = | •24 | ||||||||||||||||||||
| T3-RCA E (23) | Page 3 of 5 | ||||||||||||||||||||||