This version of the form is not currently in use and is provided for reference only. Download this version of Form RC4521 for the current year.
Form RC4521 is used in Canada for the application process of a financial institution to be designated as a qualifying institution or for revoking a previously granted designation.
The Form RC4521 is typically filed by a financial institution in Canada that wishes to be designated as a qualifying institution or requests a revocation of a previously granted designation.
Q: What is Form RC4521?
A: Form RC4521 is an application for a financial institution to be designated as a qualifying institution or to revoke a previously granted designation.
Q: Who can use Form RC4521?
A: Financial institutions of a prescribed class in Canada can use Form RC4521.
Q: What is the purpose of designating a financial institution as a qualifying institution?
A: Designating a financial institution as a qualifying institution allows it to benefit from certain tax exemptions and preferential tax treatment.
Q: Can a financial institution revoke a previously granted designation?
A: Yes, a financial institution can use Form RC4521 to revoke a previously granted designation.