T4A-RCA Summary

Completing the T4A-RCA Summary, Information Return of Distributions From a Retirement Compensation Arrangement (RCA)

You have to enter the following information on the T4A-RCA Summary:

Year
Enter the four-digit calendar year for which you are preparing the T4A-RCA information return.

Payroll Account Number
Enter the custodian's Payroll Account Number or the Payroll Account Number of the person who bought an interest in the RCA, as the case may be.

Corresponding Custodian trust account number
Enter the corresponding Custodian trust account number. This is a nine-character account number beginning with the letter T, followed by eight numbers.

Name and address of custodian, or person who bought an interest in the RCA
Enter the full name and complete address of the custodian, or the person who bought an interest in the RCA, as the case may be.

Note
The custodian's name and Payroll Account Number have to be the same as on your Form PD7A receipt.

Name of the RCA trust
Enter the full name of the RCA trust.

Line 88 – Total number of T4A-RCA slips filed
Enter the number of T4A-RCA slips filed with this T4A-RCA Summary.

Line 12 – Refund of employer contributions
Enter the total of all amounts shown in box 12 of all T4A-RCA slips filed with this summary.

Line 14 – Refund of employee contributions
Enter the total of all amounts shown in box 14 of all T4A-RCA slips filed with this summary.

Line 16 – Distributions
Enter the total of all amounts shown in box 16 of all T4A-RCA slips filed with this summary.

Line 18 – Selling price of an interest in the RCA
Enter the total of all amounts shown in box 18 of all T4A-RCA slips filed with this summary.

Line 20 – Other amounts
Enter the total of all amounts shown in box 20 of all T4A-RCA slips filed with this summary.

Line 22 – Income tax deducted
Enter the total of all amounts shown in box 22 of allT4A-RCA slips filed with this summary.

Line 82 – Remittances
Enter the total amount of tax you remitted to us. You can get this amount from your most recent Form PD7A receipt.

Difference
Subtract line 82 from line 22. If this amount is positive, there is a balance owing. Enter the result on line 86.

If the amount is negative, there is an overpayment. Enter the result on line 84.

Line 84 – Overpayment
Enter the amount of tax overpaid. Generally, if the difference is $2 or less, you will not receive a refund.

Line 86 – Balance owing
Enter the amount of tax owing. Generally, if the difference is $2 or less, you do not have to make a payment.

You may be subject to a penalty for late payment if you have a balance owing.

Amount enclosed
Enter the amount of the payment you are remitting with this information return.

Line 76 – Person to contact about this return
Enter the name of the person we can contact about this information return.

Line 78 – Area code and telephone number
Enter the area code and telephone number of the person we can contact about this information return.

Certification
An authorized officer of the custodian, or the person who bought an interest in the RCA, has to complete and sign this area.

Useful links:
http://www.cra-arc.gc.ca/E/pub/tg/t4041/README.html