Form T4A-RCA Statement of Distributions From a Retirement Compensation Arrangement (Rca) - Canada (English / French)

The Form T4A-RCA is used in Canada to report distributions received from a Retirement Compensation Arrangement (RCA). It is used to report income received from an RCA and is necessary for filing taxes accurately.

The payer or administrator of the retirement compensation arrangement (RCA) is responsible for filing the Form T4A-RCA statement of distributions in Canada.

Form T4A-RCA Statement of Distributions From a Retirement Compensation Arrangement (Rca) - Canada (English/French) - Frequently Asked Questions (FAQ)

Q: What is Form T4A-RCA?
A: Form T4A-RCA is a statement of distributions from a Retirement Compensation Arrangement (RCA).

Q: What is a Retirement Compensation Arrangement (RCA)?
A: A Retirement Compensation Arrangement (RCA) is a deferred compensation plan for employees.

Q: Who needs to file Form T4A-RCA?
A: Employers who make distributions from an RCA need to file Form T4A-RCA.

Q: What information is included in Form T4A-RCA?
A: Form T4A-RCA includes information about the RCA distributions made to employees.

Q: Is there a deadline for filing Form T4A-RCA?
A: Yes, the deadline for filing Form T4A-RCA is the last day of February following the calendar year in which the distributions were made.

Q: Are there any penalties for late filing of Form T4A-RCA?
A: Yes, there may be penalties for late filing of Form T4A-RCA. It is important to file the form on time to avoid penalties.

Q: Do I need to provide a copy of Form T4A-RCA to the employees?
A: Yes, employers are required to provide a copy of Form T4A-RCA to the employees who received RCA distributions.

Q: Can Form T4A-RCA be filed electronically?
A: Yes, Form T4A-RCA can be filed electronically through the CRA's Internet File Transfer (XML) or Web Forms services.

Q: Can I amend Form T4A-RCA if I made an error?
A: Yes, you can amend Form T4A-RCA if you made an error. You will need to file an amended T4A-RCA and provide a letter of explanation to the CRA.