What is RL-10 Slip – Tax Credit for a Labour-Sponsored Fund

RL-10 Slip – Tax Credit for a Labour-Sponsored Fund

The RL-10 slip must be filed by:

the Fonds de solidarité des travailleurs du Québec (FTQ)
Fondaction.

Purpose of the RL-10 slip

class A shares in the Fonds de solidarité des travailleurs du Québec (FTQ);
class A or class B shares in Fondaction (le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l'emploi).

How to Complete the RL-10 Slip (Box by Box Instructions)

Amounts related to shares in the Fonds de solidarité des travailleurs du Québec (FTQ)

Box A

Amounts paid during the period to purchase shares in the fund. For contributions to a registered retirement savings plan (RRSP), see the instructions for line 214 in the guide to the income tax return

Box B

Tax credit equal to 15% of the amount in box A. Calculate the difference between the amount in box B and the amount in box D, and enter the result on line 424.

Box C

Amount received from the fund further to the redemption of shares acquired during the period.

Box D

Cancelled tax credit (15% of the amount in box C)

Box E

Replacement shares that were not acquired during the period under the Home Buyers’ Plan (HBP) or the Lifelong Learning Plan (LLP).

Box F

Special tax on the amount in box E (15% of the amount in box E). Enter this amount on line 443.

Amounts related to shares in Fondaction

Box G

Box H

Tax credit equal to 15% of the amount in box G. Subtract the amount in box J from the amount in box H and enter the result on line 424.

Box I

Amount received from the fund further to the redemption of shares acquired during the period.

Box J

Cancelled tax credit (15% of all or part of the amount in box I)

Box K

Replacement shares that were not acquired during the period under the Home Buyers’ Plan (HBP) or the Lifelong Learning Plan (LLP).

Box L1

Special tax on the amount in box K (15% of all or part of the amount in box K). Enter this amount on line 443.

Box L2

Special tax on the amount in box K (25% of all or part of the amount in box K). Enter this amount on line 443.

Box L3

Special tax on the amount in box K (20% of all or part of the amount in box K). Enter this amount on line 443.

For further information please contact Taxtron Support at 416-491-0333 or visit www.taxtron.ca (opens in a new tab)