Making contributions to an RCA is not mandatory however; once you decide to contribute there are guidelines as to the timing and reporting of those contributions to CRA. Late or misfiled documents will incur penalties from CRA. These guidelines are simple and accessible in the CRA RCA Guide.
RCA annual filing requirements can be completed by the sponsoring company or, you may elect to have GBL Inc. complete the annual filing for you.
- RCA Administration Encompasses
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- Contributions made to the RCA
- Annual Administrative Reporting to CRA
- Distribution, payments made from the Plan (Retirement)
- Making A Contribution
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When making contributions to the RCA you will receive a "Form T-901B, Statement of Account” which includes a blank remittance voucher. Use the remittance voucher to make subsequent payments, either directly to the Winnipeg Tax Centre, or through a Canadian financial institution.
If you do not receive Form T901B in time for your next payment, do not delay making the remittance. Send the payment directly to the Winnipeg Tax Centre with a note indicating the following:
- Your name and address, custodian's full name and complete address
- Full name of the RCA trust
- Month and year for which the contribution was made
- RC Employer account number
- Annual Administration Forms
Visit our resources page for additional information, downloads and links.
If you have any questions related to this process, contact us
