T3-RCA(Page 4&5) - fill out and auto calculate/complete form online

Protected B when completed

Step 4 – Calculating the refundable tax on hand for the current year (continue)

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

• x 2 =

►

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

Current year’s credit of specified refundable tax (from line 5 of Step 3)

6212

•24

Total distributions (add lines 19 to 24). Transfer this amount to line 27 of Part 3

622

•25

Part 3 – Refundable tax on hand (after distributions) at the end of the tax year

Enter the amount from line 18 of Part 1

Enter the amount from line 25 of Part 2

Multiply line 27 by 50%

50 %

Refundable tax on hand

►

–

Refundable tax on hand (after distributions) at the end of the tax year (line 26 minus line 28)

624

•29

Use Option A, complete Option B, or use Option C, whichever applies.

A – If you satisfy the conditions specified in Step 5 and you want to make the election under subsection 207.5(2), go to Step 5.

B – If you have distributed all the property the RCA held and 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 29 above)

Enter the amount of the refundable tax on hand that will be distributed when

received – send us the T4A-RCA or NR4 summaries

627

•31

Multiply line 31 by 50%

50%

►

–

Line 30 minus line 32

629

•33

If the amount on line 33 is zero, enter the amount on line 40 of Step 6. If the amount is positive you must use Option A (if
available) or use Option C. For final returns reporting a positive result at line 33, you must use Option A.

C – If Options A or B are not applicable, enter the amount from line 29 above on line 40 of step 6.

Step 5 – Election under subsection 207.5(2) to recover refundable tax on hand

You can make this election only if all of the property, if any, 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. The election is generally not
available if any part of the decline in value of the property is attributable to a prohibited investment or advantage.

Property of the RCA trust (at the end of the tax year):

Cash

631

•34

Debt obligations: Principal amounts

Fair market values

Enter Line 35 or 36 for each, whichever is more

634

•37

Fair market value of shares listed on a designated stock exchange

635

•38

Total property of the RCA trust at the end of the tax year (add lines 34, 37, and 38). Transfer this amount to line 40.

636

•39

Election – You have to complete and sign the election before we can refund the tax.

, custodian of the

RCA trust,

(print name)

elect to have the amount on line 39 above deemed to be refundable tax at the end of the

tax year. I have sent separate lists giving

details of amounts entered on lines 35, 36, and 38.

Date

Custodian's signature

T3-RCA E (24)

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Protected B when completed

Step 6 – Part XI.3 tax payable or refundable

Refundable tax on hand at the end of the tax year (line 29, 33, or 39, whichever one applies)

641

•40

Refundable tax on hand at the beginning of the year

642

•41

Refundable tax on hand transferred during the year to another RCA

643

–

Refundable tax on hand transferred during the year from another RCA

644

Line 41 minus line 42 plus line 43

►

–

Subtotal: Total Part XI.3 tax payable or refundable in the year (line 40 minus line 44). If negative, enclose in brackets

646

•45

Step 7 – Tax on advantages and prohibited investments

Tax under section 207.61 on prohibited investments

x 50 % =

650

•46

Tax under section 207.62 on advantages

x 100 % =

651

•47

Minus allowable refund on prohibited investments

652

–

•48

Subtotal: Balance owing or refund (line 46 plus line 47 minus line 48)

653

•49

Step 8 – Refundable tax remitted

Refundable tax deducted and remitted by employer or contributor during the year

Payments on account remitted by custodian during the year

Line 50 plus line 51

662

►

•52

Step 9 – Balance owing or refund

Balance owing or refund (line 45 plus line 49 minus line 52)

663

•53

If the result is positive, you have a balance owing. If the result is negative, you have a refund.

Amount enclosed

•54

Balance owing: Pay a balance owing online using CRA’s My Payment service. You can also send us a cheque or money
order payable to the Receiver General. Do not mail cash

Refund code

102

(see the webpage for details)

Refund: To receive a refund by direct deposit, Complete Form T3-DD, Direct Deposit Request for T3.

Step 10 – Certification

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

(Print name)

Signature of authorized person

Position or office

Telephone number

Date YYYYMMDD

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, and 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 Info Source at canada.ca/cra-info-source.

T3-RCA E (24)

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