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rc72 Fill 23e

This document is a notice of an actual tax refund amount from a discounter to a client. It contains: 1) Details of the client such as name, social insurance number, and address. 2) Details of the discounter such as name, address, and signature. 3) The actual amount of the tax refund from the government (box A) and the estimated refund amount (box B). 4) If the actual amount is more than estimated, the client is owed the difference minus any interest kept by the discounter. 5) Instructions for the discounter to pay the client any excess over $10 within 30 days or send it to the government.

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48 views

rc72 Fill 23e

This document is a notice of an actual tax refund amount from a discounter to a client. It contains: 1) Details of the client such as name, social insurance number, and address. 2) Details of the discounter such as name, address, and signature. 3) The actual amount of the tax refund from the government (box A) and the estimated refund amount (box B). 4) If the actual amount is more than estimated, the client is owed the difference minus any interest kept by the discounter. 5) Instructions for the discounter to pay the client any excess over $10 within 30 days or send it to the government.

Uploaded by

ruthwik.gmc
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Clear Data

Protected B
when completed

Notice of the Actual Amount of the Refund of Tax


(Tax Rebate Discounting Act (paragraph 5(b))
Fill out this form using the instructions on the Information for Discounters webpage at canada.ca/discounters.

To 1. Client's name (as shown in box 6 of Form RC71) 2. Social insurance number 3. Discounter code for this
location

4. Client's current address 5. Tax year

From 6. Discounter's name (as shown in Part C of Form RC76)

7. Discounter's permanent mailing address

A The actual amount of the refund from the Receiver General is: $

B The amount of the estimated refund was: $

If the actual amount of the refund in box A is more than the estimated refund in box B:

C The difference between the amount in box A and the amount in box B is: $

D The amount of refund interest kept by the discounter is: $


The difference between the amount in box C and the amount in box D is
E $
(payable to you if $10 or more):

8. Discounter's signature 9. Discounter's name (print)

10. Date and time 11. Location

Year Month Day

HH MM SS

Discounter information is collected under the Tax Rebate Discounting Act. It may be used for any purpose related to the administration or enforcement
of the Act. Failure to provide information on this form could result in your discounter code being suspended. Personal information is described in
Discounters Program CRA PPU 212 and is protected under the Privacy Act. Individuals have a right of protection, access to and correction or notation
of their personal information. Please be advised that you are entitled to complain to the Privacy Commissioner of Canada regarding our handling of your
information.

Attach a copy of this form with any excess you return to the Canada Revenue Agency (CRA).
Distribute copies as per the instructions on the Information for Discounters webpage at canada.ca/discounters.

RC72 E (23) (Ce formulaire est disponible en français.) Page 1 of 2


Clear Data

Notice to client
This notice uses plain language to explain the law concerning your discounting transaction. For the exact wording,
consult the Tax Rebate Discounting Act.

If the actual amount of the refund is more than the estimated amount by $10 or more, the discounter must make every
reasonable effort to pay you the full amount of the excess as soon as the refund is received. However, the discounter is
allowed to keep the refund interest.

If the discounter does not pay the excess within 30 days, the discounter must immediately send it, together with a copy
of this form, to the Canada Revenue Agency (CRA). The CRA will hold this excess in your account to pay any future
tax you may owe, or will pay it to you at your request, or the next time you apply for a refund.

Notice to discounter
If the actual amount of the refund is more than the estimated amount by $10 or more, you must make every reasonable
effort to pay the client the full amount of the excess, not including refund interest, as soon as the refund is received. If
you do not pay this amount within 30 days, you must send it at once to the CRA. Make your cheque payable to the
Receiver General of Canada. Include the first copy of this form and write the client's name on the back of the cheque.

RC72 E (23) Page 2 of 2

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