Form T735 Application for a Remittance Number for Tax Withheld From a Retirement Compensation Arrangement (Rca) - Canada

Form T735 is used in Canada to apply for a remittance number for tax withheld from a Retirement Compensation Arrangement (RCA). This form is typically used by individuals or organizations responsible for withholding tax from an RCA payment.

The individual or organization responsible for withholding taxes from a Retirement Compensation Arrangement (RCA) would file the Form T735 Application for a Remittance Number in Canada.

FAQ

Q: What is Form T735?
A: Form T735 is an application for a remittance number for tax withheld from a Retirement Compensation Arrangement (RCA) in Canada.

Q: What is a Retirement Compensation Arrangement (RCA)?
A: A Retirement Compensation Arrangement (RCA) is a trust or arrangement that provides retirement benefits, usually for highly compensated employees.

Q: What is a remittance number?
A: A remittance number is a unique identifier used when remitting tax withheld from an RCA to the Canada Revenue Agency (CRA).

Q: Why do I need to apply for a remittance number for tax withheld from an RCA?
A: You need to apply for a remittance number to properly identify and track the taxes withheld from an RCA and ensure they are correctly remitted to the CRA.

Q: How do I apply for a remittance number using Form T735?
A: To apply for a remittance number using Form T735, you need to fill out the form with the required information and submit it to the CRA.

Q: Are there any fees associated with applying for a remittance number using Form T735?
A: There are currently no fees associated with applying for a remittance number using Form T735.

Q: Is Form T735 only applicable in Canada?
A: Yes, Form T735 is specific to Canada and is used for applying for a remittance number for tax withheld from a Retirement Compensation Arrangement (RCA) in Canada.