This version of the form is not currently in use and is provided for reference only. Download this version of Form RC4612 for the current year.
Form RC4612, Application to Not Be Considered a Selected Listed Financial Institution, is used in Canada by financial institutions to apply for non-selected listed entity status. Being classified as a non-selected listed entity has certain advantages, such as reduced reporting requirements under the Canada Revenue Agency's International TaxCompliance Regulations.
The Form RC4612 Application to Not Be Considered a Selected Listed Financial Institution in Canada is filed by financial institutions that want to be exempt from certain reporting requirements.
Q: What is Form RC4612?
A: Form RC4612 is an application form used in Canada to request that a financial institution not be considered a selected listed financial institution.
Q: Who uses Form RC4612?
A: Financial institutions in Canada use Form RC4612 to apply for an exemption from being considered a selected listed financial institution.
Q: What is a selected listed financial institution?
A: A selected listed financial institution is a financial institution that is subject to certain reporting requirements under Canadian tax laws.
Q: Why would a financial institution apply to not be considered a selected listed financial institution?
A: A financial institution may apply for this exemption if it meets certain criteria that would allow it to be exempt from the reporting requirements.
Q: What should be included when submitting Form RC4612?
A: When submitting Form RC4612, it is important to include all required documents and information as outlined in the instructions.
Q: What is the purpose of Form RC4612?
A: The purpose of Form RC4612 is to allow financial institutions to request an exemption from being considered a selected listed financial institution.
Q: Is there a deadline for submitting Form RC4612?
A: There is no specific deadline for submitting Form RC4612, but it is recommended to submit the form in a timely manner to ensure it is processed before any reporting deadlines.