T4A-RCA Summary – Retirement Compensation Arrangement (RCA) trust

What is a T4A-RCA Summary

The T4A-RCA Summary (T4A-RCA-SUM) represents the total of the information reported on all of the T4A-RCA slips you prepared for each recipient for the calendar year.

You can get a Form T4A-RCA-SUM in a PDF or PDF fillable/saveable format to file on paper.

Sample

What to report

Report all amounts in Canadian dollars, even if they were paid in another currency. Learn more about the average exchange rates: Exchange rates
Fill out a separate T4A-RCA Summary for each of your RCA Trust payroll accounts. The totals you report on your T4A-RCA Summary have to agree with the totals of all amounts you reported on your T4A-RCA slips for that payroll account
If you have no amounts to report on a T4A-RCA slip or summary, there is no need to send either form to the CRA.
Do not change your address using the T4A-RCA Summary. Learn more about making changes: Make changes to your account

How to fill out

Year

Enter the 4 digits of the calendar year for which you are preparing the T4A-RCA Summary.

Payroll account number

Enter the 15-character payroll account number (for example, 123456789RP0001) of the custodian or the person who bought an interest in the RCA.

Corresponding custodian trust account number

Enter the corresponding custodian trust account number. This is a 9-character account number beginning with the letter T, followed by 8 numbers.

Name and address of custodian, or person who bought an interest in the RCA

Enter the full name and complete address of the custodian, or the person who bought an interest in the RCA, as the case may be.

The custodian's name and payroll account number must be the same as on the PD7A.

Learn more: Receiving payroll correspondence from the CRA

Name of the RCA trust

Enter the full name of the RCA trust.

Line 88 – Total number of T4A-RCA slips filed

Enter the number of T4A-RCA slips that you are filing with the T4A-RCA Summary.

Line 12 – Refund of employer contributions

Add the amounts in box 12 of all T4A-RCA slips. Report the total on line 12.

Line 14 – Refund of employee contributions

Add the amounts in box 14 of all T4A-RCA slips. Report the total on line 14.

Line 16 – Distributions

Add the amounts in box 16 of all T4A-RCA slips. Report the total on line 16.

Line 17 – Distributions eligible for pension income splitting

Add the amounts in box 17 of all T4A-RCA slips. Report the total on line 17.

Line 18 – Selling price of an interest in the RCA

Add the amounts in box 18 of all T4A-RCA slips. Report the total on line 18.

Line 20 – Other amounts

Add the amounts in box 20 of all T4A-RCA slips. Report the total on line 20.

Line 22 – Income tax deducted

Add the amounts in box 22 of all T4A-RCA slips. Report the total on line 22.

Line 82 – Remittances

Report the total amount of income tax deductions you remitted to the CRA for your payroll account. You can get this amount from your most recent PD7A.

Learn more: Receiving payroll correspondence from the CRA

Difference

Subtract line 82 from line 22. Report the difference in the space provided.

If:

the amount is negative, there is an overpayment. Report the result on line 84
the amount is positive, there is a balance due. Report the result on line 86
there is no difference between the total deductions you reported and the amount you remitted for the year, leave lines 84 and 86 blank

Generally, the CRA does not charge or refund a difference of $2 or less.

Line 84 – Overpayment

If the amount on line 82 is more than the amount on line 22 (and you do not have to file another type of return for this payroll account), report the difference on line 84.

Attach or send a note providing the reason for the overpayment and whether you want the CRA to transfer this amount to another account, another year, or refund the overpayment to you.

Line 86 – Balance due

If the amount on line 22 is more than the amount on line 82, report the difference on line 86.

Lines 76 and 78 – Person to contact about this return

Enter the name and telephone number of a contact person that the CRA can call to get or clarify information you reported on the T4A-RCA Summary.

Certification

An authorized person must sign and date the T4A-RCA Summary.

A payroll account is an account number assigned to either an employer, a trustee or a payer of other amounts related to employment to identify themselves when dealing with the CRA.

This 15-character payroll account number contains the nine-digit business number (BN). The BN is a unique federal government numbering system that identifies your business and the various accounts you maintain. The payroll account number consists of:

Nine-digit BN
Two-letter code for the type of program (for a payroll program, the letters are "RP")
Four-digit reference number to identify each account in a program a business may have

Depending on the type of business you have, you may need to register other types of programs accounts or open a separate payroll account. The nine-digit business number will not change, but other letters or reference numbers will be added to the BN.

Example

A company requires a GST/HST, an import/export and two payroll accounts. The account numbers would be:

Example of account numbers
Account type	Account number
Business number (BN)	12345 6789
GST/HST account	12345 6789 RT 0001
Import/export account	12345 6789 RM 0001
Payroll account 1	12345 6789 RP 0001
Payroll account 2	12345 6789 RP 0002

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Date modified:: 2024-04-24

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