T3012A – Tax deduction waiver on the refund of your unused rrsp contributions made in 2013

T3012A – Tax deduction waiver on the refund of your unused rrsp contributions made in 2013

Who can use this form?

Use this form if you want us to authorize your RRSP issuer to refund your unused RRSP contributions without withholding tax. You have to meet all of the following conditions:

You made the contributions to your own or your spouse's or common-law partner's RRSPs, and you have not previously deducted them, or have not designated them as a repayment under the Home Buyers' Plan or the Lifelong Learning Plan.

You have not designated the refund as a qualifying withdrawal to have your past-service pension adjustment certified.

No part of the refund was a lump-sum payment from a registered pension plan (RPP), the Saskatchewan Pension Plan, or certain deferred profit-sharing plan amounts that were transferred directly to an RRSP.

You or your spouse or common-law partner will receive the refund of contributions from an RRSP:

in the year you made the contributions;

in the following year; or

in the year that we sent you a notice of assessment or notice of reassessment for the year you made the contributions, or in the following year.

In addition, it has to be reasonable for us to consider that at least one of the following conditions applies:

you reasonably expected to be able to fully deduct the RRSP contributions for the year you made the contributions or the immediately preceding year; or

you did not make the unused RRSP contributions intending to withdraw them and deduct an offsetting amount.

Do not use this form if any of the following situations apply to the individual who is receiving the refund (you or your spouse or common-law partner):

you received the unused RRSP contributions in the form of a commutation payment from a matured RRSP;

you received or will receive a RRIF payment that is more than the minimum amount for the year, and the payment is for unused RRSP contributions that were transferred to the RRIF; or

an RPP excess amount was transferred to an RRSP or a RRIF in the year or a previous year, and you have to include an RRSP or RRIF amount in your income as a result.

If situation a) or b) applies, use Form T746, Calculating Your Deduction for Refund of Unused RRSP Contributions. If situation c) applies, use Form T1043, Deduction for Excess Registered Pension Plan Transfers You Withdrew From an RRSP or RRIF.

If you have already withdrawn your unused RRSP contribution without using Form T3012A, use Form T746 to calculate the amount you can to deduct.

How to complete this form

Parts 1 and 2

Line 1 – If you contribute to an RRSP in the 89-day period before you or your spouse or common-law partner make a withdrawal under the Lifelong Learning Plan or Home Buyers' Plan, you may not be able to deduct the contribution from your income for any year. Do not include these contributions on line 1. For more information, see Guide RC4112, Lifelong Learning Plan, or Guide RC4135, Home Buyers' Plan.

Complete Parts 1 and 2 and send four copies of the form to your tax centre. Do not send the form with your tax return. If the amount you are designating to be refunded was transferred from the RRSP you contributed it to, to another RRSP, attach a note explaining the transfer details and a copy of any documentation of the transfer. If you completed Form T2033, Direct Transfer Under Subsection 146.3(14.1) or Paragraph 146(16)(a) or 146.3(2)(e), to document the transfer, attach a copy of it.

Part 3

After we have approved the amount that the plan issuer can refund without withholding tax, we will return three copies to you with Part 3 completed.

Part 4

After we have completed Part 3 and returned the form to you, complete Part 4 and send all three copies to your plan issuer.

Part 5

The issuer completes Part 5 and returns two copies to you.

Reporting the refund on your tax return

When you complete your tax return for the year you receive the refund, enter the total unused contributions that you made to your own or your spouse's or common-law partner's RRSPs that were refunded on line 129 and line 232 of the tax return. You will find this total in box 20 of your own or your spouse's or common-law partner's T4RSP slips. Attach these T4RSP slips and a copy of this form showing the designated refund amount to your tax return.

After you have deducted the amount you entered on line 232 from your income, you cannot deduct it on line 208 for any year.

We will reduce your unused RRSP contributions available to carry forward to later years by the amount of your refund.

Tax on excess contributions

You may have to pay tax if the total of the amounts on lines 5 and 8 of this form is more than $2,000. For more information, see "Unused RRSP contributions" in Chapter 2 of Guide T4040, RRSPs and Other Registered Plans for Retirement and Form T1-OVP, lndividual Tax Return for RRSP Excess Contributions.

Send the completed form to your tax centre or tax services office as indicated on your notice of assessment. You will find the address listed below.

Jonquière Tax Centre
2251 René Lévesque Boulevard
Jonquière QC G7S 5J2

Shawinigan-Sud Tax Centre
Post Office Box 4000, Station Bureau-chef
Shawinigan QC G9N 7V9

St. John's Tax Centre
Post Office Box 12072, Station A
St. John's NL A1B 3Z2

Sudbury Tax Centre
1050 Notre Dame Avenue
Sudbury ON P3A 5C2

Summerside Tax Centre
105 - 275 Pope Road
Summerside PE C1N 6E8

Surrey Tax Centre
9755 King George Boulevard
Surrey BC V3T 5E6

Winnipeg Tax Centre
Post Office Box 14001, Station Main
Winnipeg MB R3C 3M3

International Tax Services Office
102A - 2204 Walkley Road
Ottawa ON K1A 1A8
(non-resident individuals)