What is the purpose of RL-10 and how do I use it on my tax returns?

The Fonds de solidarité FTQ issues this slip to attest that you've invested in a labour fund.

What is the purpose of RL-10?

Your RL-10 contains two essential sections.

The top section allows you to claim labour-sponsored funds tax credits (the famous +30%[1]).

The bottom section allows you to claim RRSP deductions for your RRSP+ contributions.

R10-fr

When will I receive my statements?

RL-10 slips are issued twice a year when you make contributions:

  • Around mid-January, for contributions made between March 1 and December 31 of the previous year.
  • Around mid-March, for contributions made in the first 60 days of the current year.

You must use all slips produced for you to complete your income tax returns (T1 and TP-1).

If your communication preferences are set to paper, you will receive your RL-10 by mail a few days after it is produced.

If your communication preferences are set to digital, you will immediately receive an e-mail notification reminding you where to find your tax slips deposited in your online account.

How do I use a RL-10 on my tax returns?

To claim labour-sponsored funds tax credits[1]:

Transfer the amount from box A to ...

  • line 41300 (Canada)

Transfer the amount from Box B to ...

  • line 424 (Quebec)
  • line 41400 (Canada)

To claim the RRSP deduction:

Transfer the amount in box RRSP contribution to ...

  • line 214 (Quebec)
  • line 20800 (Canada)

To designate an amount as an HBP or LLP repayment:

Transfer the amount from the RRSP payment box to ...

  • line 212 (Quebec)
  • Schedule 7 (Canada)

A useful tip

The most popular tax software programs usually include a function specifically for Labour Sponsored Funds. Look for this function rather than a standard RRSP contribution.

A checklist to keep

We've prepared a checklist to help you complete your tax returns.

Download the checklist

Where can you download your tax slips?

You can download your tax slips by visiting the "My documents" section of your account.

Access my tax slipsAccess my tax slips

Do you have more questions?

Our agents will be pleased to answer any questions you may have at:

514-383-3791
  • 1

    The subscription for shares of the Fonds de solidarité FTQ may give rise to labour-sponsored fund tax credits. The tax credits amount to 30%, namely 15% at the Quebec level and 15% at the federal level, and are limited to $1,500 per fiscal year, which represents a $5,000 subscription for shares of the Fonds de solidarité FTQ.

    Please read the prospectus before subscribing for shares of the Fonds de solidarité FTQ. Copies of the prospectus may be obtained on the Website fondsftq.com, from a local representative or at the offices of the Fonds de solidarité FTQ. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account income taxes payable by any security holder that would have reduced returns. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.