  T3M |
Use the keyword T3M to indicate the type of environmental trust and to generate the Environmental Trust Income Tax return.
A qualifying environmental trust, as per subsection 248(1), means a trust resident in a province and maintained at that time for the sole purpose of funding the reclamation of a site for the operation of a mine, the extraction of clay, peat, sand, shale or aggregates or the deposit of waste.
The following options are applicable for the keyword T3M.
Use the keyword Taxable-Inc to enter the amount of income subject to tax under Part XII.4.
A qualifying environmental trust is exempt from tax under Part I. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Contributions to enter the total amount of contributions made to the trust in the year. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Withdrawals to enter the total amounts withdrawn from the trust in the year. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Acct-Payment to enter any payments that have already been paid on this account.
Use the keyword Acct-Payment-QC to enter any payments that have already been paid on this account.
Use the keyword ProvTaxRate-OV to override the provincial tax rate used in form T3M line 3.
Use the keyword Refund-Code.m if the trust is entitled to a refund.
The following options are applicable for the keyword Refund-Code.m.
Claim refund Choosing "Claim refund" indicates that the refund is being claimed now.
Future tax liability Choosing "Future tax liability" indicates that the refund is to be kept and applied to taxes payable in the following year.
Other tax liability Choosing "Other tax liability" indicates that the refund is to be held and applied to an expected assessment of an additional amount to be paid. A letter providing details should be attached.
Use the keyword T3-RCA to enter the information required in each step of the "Retirement Compensation Arrangement (RCA) Part XI.3 Tax Return". Each step should be completed in order.
The following options are applicable for the keyword T3-RCA.
Step 1 - Supporting documentation
Step 2 - Details of contributions
Step 3 - Calculating the refundable tax
Step 4 - Election under subsection 207.5(2)
Step 5 - Part XI.3 tax
Step 6 - Tax on advantages and prohibited investments
Step 8 - Balance owing or refund
Use the keyword Documentation to change the automatic choice from "No" to "Yes" for the appropriate questions in Step 1 of the T3-RCA form. If there is no information entered with this keyword, DT Max will automatically choose "No" as the default.
The following options are applicable for the keyword Documentation.
Changes were made to the terms of the arrangement
Person disposed of an interest
Person bought an interest
Amounts returned to employer or contributor
No. of members for whom trust rec'd contributions
Property other than cash distributed
Acquired or disposed of property other than at FMV
Property leased or used by member of the RCA
Trust loaned money out of RCA
Amounts transferred to or from another RCA
Employer submitted the RCA for registration
RCA Trust meets one of the exceptions for filing Sch. 15
Use the keyword BusinessNo.rca if amounts are returned to an employer, or distributed as benefits during the year.
Payroll-No.rca payroll account number (RPNNNN)
Use the keyword NR-Remittance, if applicable, when amounts are returned to an employer, or distributed as benefits during the year.
Use the keyword No-Members.rca to indicate the number of members of the RCA for whom the RCA trust received contributions.
Use the keyword Name.rca to enter the information for question 2 in Step 1 of the T3-RCA form.
Address.rca address of person who disposed or bought an interest
Use the keyword SIN-BN.rca to enter the social insurance number or business number of the person who disposed or bought an interest in the RCA.
Use the keyword . to enter the date required in Step 1 of the T3-RCA form.
Use the keyword Custodian-AcctNo to provide the custodian trust account number of the other RCA if there were any amounts transferred to, or received from another RCA during the year.
Use the keyword Contributions.rca to enter the details of each contribution received during the year. DT Max will enter this information in the appropriate section in Step 2 of the form.
The following options are applicable for the keyword Contributions.rca.
Amounts received from employer Part 1 - Amounts received from employer
Details for each contribution received from the an employer during the year must be entered. Copy 2 of the T737-RCA should be attached to the support these amounts.
If the custodian of this RCA trust is a non-resident, or if this arrangement is a foreign plan considered under subsection 207.6(5) to be an RCA for Canadian residents participating in the plan, details must be provided for any lump-sum amounts that have been transferred from another RCA trust to this RCA trust.
Amounts received directly from an RCA member Part 2 - Amounts received directly from an RCA member
Details of all amounts received directly from an RCA member must be entered separately.
Amounts transferred directly from another RCA trust Part 3 - Amounts transferred directly from another RCA trust
If funds have been transferred directly from another RCA trust (the transferring plan) to this RCA trust (the receiving plan), and the receiving plan does not have a non-resident custodian and is not a foreign plan considered under subsection 207.6(5) to be an RCA for Canadian residents participating in the plan, include in Part 3 any lump-sum amounts transferred directly to the receiving plan.
A copy of the agreement between the two RCA trusts must be attached to page 3 of the T3-RCA return.
Use the keyword Details.rca to enter the details of each contribution received from an employer during the year.
Use the keyword Contributor-Name to enter the name of the RCA member who contributed to the plan during the year.
Use the keyword Date.rca to enter the date the contributions were received.
Use the keyword Amount.rca to enter each contribution received during the year.
Use the keyword Cash.rca to enter the cash amount in the RCA trust at the end of the tax year.
Use the keyword RCA-Property to indicate whether there is any debt obligations belonging to the RCA trust.
The following options are applicable for the keyword RCA-Property.
Use the keyword Principal-Amount to enter the principal amount of the debt obligation.
Use the keyword Debt-FMV to enter the fair market values of the debt obligation.
Use the keyword Shares-FMV.rca to enter the fair market value of shares listed on a prescribed stock exchange.
Use the keyword RTOTC-CF to enter the refundable tax on total contributions at the beginning of the year. This amount comes from line 06 of Step 3 on page 4 of the prior year's tax return.
Use the keyword Income.rca to enter the trust's income and capital gains
The following options are applicable for the keyword Income.rca.
Income and capital gains at the beginning of the year Income and capital gains at the beginning of the year. This information can be found from line 10 of Step 3 on page 4 of the prior year's tax return.
Current year's income from business and property Current year's income from business and property. Enter the RCA trust's income for the year from business and property. Do not include the dividend gross-up amount calculated under paragraph 82(1)(b). Attach financial statements for the business or property to page 3 of the T3-RCA tax return.
Current year's capital gains Current year's capital gains. Enter the RCA trust's capital gains for the year.
Losses and capital losses at the beginning of the year Losses and capital losses at the beginning of the year. This information can be found from line 14 of Step 3 on page 4 of the prior year's tax return.
Current year's losses from business and property Current year's losses from business and property. Enter the RCA trust's losses for the year from business and property. Attach financial statements for the business and property to page 3 of the T3-RCA tax return.
Current year's capital losses Current year's capital losses. Enter the RCA trust's capital losses for the year.
Use the keyword Distribution.rca to enter any distributions, returned amounts to the employer, or transferred amounts to another RCA.
The following options are applicable for the keyword Distribution.rca.
Distributions at the beginning of the year Distributions at the beginning of the year. This amount can be found from line 22 in Part 2 of Step 3 on page 4 of the prior year's tax return.
Current year distributions out of the RCA trust Current year's distributions out of the RCA trust. Enter any funds distributed out of the RCA trust to a beneficiary throughout the year. Do not include amounts transferred to another RCA nor the amounts returned to the employer. Attach a copy of all T4A-RCA slips and a photocopy of all NR4 slips.
Current year amounts returned to employer or employee Current year's amounts returned to employer or employee to be included in employer's or employee's income. Include any amount returned to the employer and attach a copy of all T4-RCA slips and a photocopy of all NR4 slips.
If funds were transferred to another RCA trust, and the custodian of the other RCA trust is a non-resident, or if the other arrangement is a foreign plan considered under subsection 207.6(5) to be an RCA for Canadian residents participating in the plan, include the transfers as amounts returned to the employer.
Current year amts transferred directly to other RCA trust Current year's amounts transferred directly to another RCA trust. If funds were transferred directly from this RCA trust (the transferring plan) to another RCA trust (the receiving plan) and the receiving plan does not have a non-resident custodian and is not a foreign plan considered under subsection 207.6(5) to be an RCA for Canadian residents participating in the plan, include any lump-sum amounts transferred directly to the receiving plan. This amount has to be multiplied by 2 because the same amount of refundable tax from the transferring plan will be transferred to the receiving plan.
Tax on prohibited investments & advantages paid (s.207.65) Enter the current year's taxes on a prohibited investment and/or an advantage paid in the current year and distributed under section 207.65.
Use the keyword Options.rca to choose the option that applies concerning the refundable tax on hand, after distributions, at the end of the tax year.
The following options are applicable for the keyword Options.rca.
Option A - subs. 207.5(2) election, complete step 4 Option A - Election under subsection 207.5(2):
Choose this option when making the election under subsection 207.5(2) to recover the refundable tax on hand.
Option B - all property distributed Option B - Choose this option if, during the year, all of the following apply: - all the funds were distributed out of the RCA trust;
- no property remains in the RCA trust at the end of the tax year; and
- you are entitled to recover a refund of all the refundable tax on hand held for this RCA trust.
If this is the case, enter the amount from line 24 on line 26 and enter on line 27 the amount that will distribute when you receive the current-year refund. To support the amount on line 27, attach a copy of the T4A-RCA or NR4 slips for the next tax year to page 3 of the T3-RCA tax return.
If the amount on line 29 is a positive amount, you must either use Option A or follow Option C to recover a refund of all the refundable tax on hand held for this RCA.
If the amount on line 29 is negative, the amount will be transferred to line 01 of Step 5 on page 1 of the tax return.
Option C - neither option A nor B applies Option C . If you are not following option A to elect under subsection 207.5(2), and Option B does not apply (or the amount on line 29 is positive and you are not electing under option A), choose Option C.
Use the keyword Amount-RTOH to enter the amount of refundable tax on hand that will be distributed when received.
Use the keyword Deduct-RTOH to enter the amount of refundable tax on hand used in Step 5 to calculate the Part XI.3 tax payable or refundable.
The following options are applicable for the keyword Deduct-RTOH.
Refundable tax on hand at the beginning of the year
Refundable tax on hand transferred to another RCA
Refundable tax on hand transferred from another RCA
Ref. tax deducted and remitted by employer or contributor
Refundable tax remitted by custodian
Use the keyword Tax.rca to indicate whether there is any tax owing or refund due on advantages and prohibited investments belonging to the RCA trust.
The following options are applicable for the keyword Tax.rca.
Tax under section 207.61 on prohibited investments
Tax under section 207.62 on advantages
Refund on prohibited investments
Use the keyword Refund-Code.rca if the trust is entitled to a refund.
The following options are applicable for the keyword Refund-Code.rca.
Claim refund Choosing "Claim refund" indicates that the refund is being claimed now.
Future tax liability Choosing "Future tax liability" indicates that the refund is to be applied to taxes payable in future years.
Other tax liability Choosing "Other tax liability" indicates that the refund is to be applied to another type of tax liability.
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Taxable-Inc 
Documentation 
BusinessNo.rca