T3-RCA(Page 3) - fill out and auto calculate/complete form online

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 43

x 2

Transferred amount

6041

•3

Transfer this amount to line 4 of Step 4

Send us a copy of the letter of agreement.

Step 3 – Specified refundable tax (If the trust is a specified arrangement under which an eligible employer is electing under subsection 207.71(2),
complete this step, otherwise, go to step 4)

Amount elected under subsection 207.71(2) in the year

6022

• 1

Benefits paid directly by employer (benefits secured under the specified arrangement with a letter of credit or surety bonds)

6023

• 2

Multiply line 2 by 50%.

x 50%

►

• 3

Current year specified refundable tax credit claim (amount cannot be more than the lesser of line 1 and line 3)

6024

• 4

Multiply line 4 by 2. (transfer this amount to line 24 of Step 4)

x 2

►

• 5

Line 1 minus line 4

Total specified refundable tax after the current year claim

6025

• 6

Are you requesting that the refund for the credit of specified refundable tax to be issued directly to the employer?

6026

Yes

If yes, any available credit will be held and the refund issued directly to the employer under the employer’s RCA account

Please provide the employer’s details below.

Employer’s RCA account number

6027

Step 4 – 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.

Multiply line 5 by 50%.

50 %

Refundable tax on total contributions

►

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)

Multiply line 16 by 50%

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 26 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.

T3-RCA E (24)

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