diff --git a/actionview/lib/action_view/template.rb b/actionview/lib/action_view/template.rb
index 2d1762e568610..3b2c264ed45b4 100644
--- a/actionview/lib/action_view/template.rb
+++ b/actionview/lib/action_view/template.rb
@@ -2,7 +2,6 @@
 
 require "active_support/core_ext/object/try"
 require "active_support/core_ext/kernel/singleton_class"
-require "active_support/deprecation"
 require "thread"
 require "delegate"
 
@@ -304,7 +303,7 @@ def initialize(template, source)
       # regardless of the original source encoding.
       def compile(mod)
         source = encode!
-        code = @handler.call(LegacyTemplate.new(self, source))
+        code = @handler.call(self, source)
 
         # Make sure that the resulting String to be eval'd is in the
         # encoding of the code
diff --git a/actionview/lib/action_view/template/handlers.rb b/actionview/lib/action_view/template/handlers.rb
index 7ec76dcc3f759..f2a2341b8eba1 100644
--- a/actionview/lib/action_view/template/handlers.rb
+++ b/actionview/lib/action_view/template/handlers.rb
@@ -1,5 +1,7 @@
 # frozen_string_literal: true
 
+require "active_support/deprecation"
+
 module ActionView #:nodoc:
   # = Action View Template Handlers
   class Template #:nodoc:
@@ -14,7 +16,7 @@ def self.extended(base)
         base.register_template_handler :erb, ERB.new
         base.register_template_handler :html, Html.new
         base.register_template_handler :builder, Builder.new
-        base.register_template_handler :ruby, :source.to_proc
+        base.register_template_handler :ruby, lambda { |_, source| source }
       end
 
       @@template_handlers = {}
@@ -24,11 +26,35 @@ def self.extensions
         @@template_extensions ||= @@template_handlers.keys
       end
 
+      class LegacyHandlerWrapper < SimpleDelegator # :nodoc:
+        def call(view, source)
+          __getobj__.call(ActionView::Template::LegacyTemplate.new(view, source))
+        end
+      end
+
       # Register an object that knows how to handle template files with the given
       # extensions. This can be used to implement new template types.
       # The handler must respond to +:call+, which will be passed the template
       # and should return the rendered template as a String.
       def register_template_handler(*extensions, handler)
+        params = if handler.is_a?(Proc)
+          handler.parameters
+        else
+          handler.method(:call).parameters
+        end
+
+        unless params.find_all { |type, _| type == :req }.length >= 2
+          ActiveSupport::Deprecation.warn <<~eowarn
+          Single arity template handlers are deprecated.  Template handlers must
+          now accept two parameters, the view object and the source for the view object.
+          Change:
+            >> #{handler.class}#call(#{params.map(&:last).join(", ")})
+          To:
+            >> #{handler.class}#call(#{params.map(&:last).join(", ")}, source)
+          eowarn
+          handler = LegacyHandlerWrapper.new(handler)
+        end
+
         raise(ArgumentError, "Extension is required") if extensions.empty?
         extensions.each do |extension|
           @@template_handlers[extension.to_sym] = handler
diff --git a/actionview/lib/action_view/template/handlers/builder.rb b/actionview/lib/action_view/template/handlers/builder.rb
index 61492ce448c98..e5413cd2a0d50 100644
--- a/actionview/lib/action_view/template/handlers/builder.rb
+++ b/actionview/lib/action_view/template/handlers/builder.rb
@@ -5,11 +5,11 @@ module Template::Handlers
     class Builder
       class_attribute :default_format, default: :xml
 
-      def call(template)
+      def call(template, source)
         require_engine
         "xml = ::Builder::XmlMarkup.new(:indent => 2);" \
           "self.output_buffer = xml.target!;" +
-          template.source +
+          source +
           ";xml.target!;"
       end
 
diff --git a/actionview/lib/action_view/template/handlers/erb.rb b/actionview/lib/action_view/template/handlers/erb.rb
index 7d1a6767d7e83..b6314a5bc39fb 100644
--- a/actionview/lib/action_view/template/handlers/erb.rb
+++ b/actionview/lib/action_view/template/handlers/erb.rb
@@ -28,8 +28,8 @@ class ERB
 
         ENCODING_TAG = Regexp.new("\\A(<%#{ENCODING_FLAG}-?%>)[ \\t]*")
 
-        def self.call(template)
-          new.call(template)
+        def self.call(template, source)
+          new.call(template, source)
         end
 
         def supports_streaming?
@@ -40,17 +40,17 @@ def handles_encoding?
           true
         end
 
-        def call(template)
+        def call(template, source)
           # First, convert to BINARY, so in case the encoding is
           # wrong, we can still find an encoding tag
           # (<%# encoding %>) inside the String using a regular
           # expression
-          template_source = template.source.dup.force_encoding(Encoding::ASCII_8BIT)
+          template_source = source.dup.force_encoding(Encoding::ASCII_8BIT)
 
           erb = template_source.gsub(ENCODING_TAG, "")
           encoding = $2
 
-          erb.force_encoding valid_encoding(template.source.dup, encoding)
+          erb.force_encoding valid_encoding(source.dup, encoding)
 
           # Always make sure we return a String in the default_internal
           erb.encode!
diff --git a/actionview/lib/action_view/template/handlers/html.rb b/actionview/lib/action_view/template/handlers/html.rb
index 27004a318cd2d..65857d8587cde 100644
--- a/actionview/lib/action_view/template/handlers/html.rb
+++ b/actionview/lib/action_view/template/handlers/html.rb
@@ -3,7 +3,7 @@
 module ActionView
   module Template::Handlers
     class Html < Raw
-      def call(template)
+      def call(template, source)
         "ActionView::OutputBuffer.new #{super}"
       end
     end
diff --git a/actionview/lib/action_view/template/handlers/raw.rb b/actionview/lib/action_view/template/handlers/raw.rb
index 5cd23a006067c..57ebb169fcad7 100644
--- a/actionview/lib/action_view/template/handlers/raw.rb
+++ b/actionview/lib/action_view/template/handlers/raw.rb
@@ -3,8 +3,8 @@
 module ActionView
   module Template::Handlers
     class Raw
-      def call(template)
-        "#{template.source.inspect}.html_safe;"
+      def call(template, source)
+        "#{source.inspect}.html_safe;"
       end
     end
   end
diff --git a/actionview/test/abstract_unit.rb b/actionview/test/abstract_unit.rb
index 56d617309c3cb..acc2ed029b567 100644
--- a/actionview/test/abstract_unit.rb
+++ b/actionview/test/abstract_unit.rb
@@ -58,7 +58,7 @@ def render_erb(string)
     template = ActionView::Template.new(
       string.strip,
       "test template",
-      ActionView::Template::Handlers::ERB,
+      ActionView::Template.handler_for_extension(:erb),
       {})
 
     template.render(ActionView::Base.empty, {}).strip
diff --git a/actionview/test/actionpack/controller/layout_test.rb b/actionview/test/actionpack/controller/layout_test.rb
index 6d5c97b7fdd75..838b564c5de94 100644
--- a/actionview/test/actionpack/controller/layout_test.rb
+++ b/actionview/test/actionpack/controller/layout_test.rb
@@ -70,7 +70,7 @@ def test_controller_name_layout_name_match
   end
 
   def test_third_party_template_library_auto_discovers_layout
-    with_template_handler :mab, lambda { |template| template.source.inspect } do
+    with_template_handler :mab, lambda { |template, source| source.inspect } do
       @controller = ThirdPartyTemplateLibraryController.new
       get :hello
       assert_response :success
@@ -212,7 +212,7 @@ def test_layout_except_exception_when_excepted
   end
 
   def test_layout_set_when_using_render
-    with_template_handler :mab, lambda { |template| template.source.inspect } do
+    with_template_handler :mab, lambda { |template, source| source.inspect } do
       @controller = SetsLayoutInRenderController.new
       get :hello
       assert_includes @response.body, "layouts/third_party_template_library.mab"
diff --git a/actionview/test/template/dependency_tracker_test.rb b/actionview/test/template/dependency_tracker_test.rb
index ef7aeac039133..42cb14a18a35b 100644
--- a/actionview/test/template/dependency_tracker_test.rb
+++ b/actionview/test/template/dependency_tracker_test.rb
@@ -17,8 +17,8 @@ def initialize(source, handler = Neckbeard)
   end
 end
 
-Neckbeard = lambda { |template| template.source }
-Bowtie = lambda { |template| template.source }
+Neckbeard = lambda { |template, source| source }
+Bowtie = lambda { |template, source| source }
 
 class DependencyTrackerTest < ActionView::TestCase
   def tracker
diff --git a/actionview/test/template/render_test.rb b/actionview/test/template/render_test.rb
index 76ffe3415def4..f5d251da20d56 100644
--- a/actionview/test/template/render_test.rb
+++ b/actionview/test/template/render_test.rb
@@ -450,13 +450,22 @@ def test_render_fallbacks_to_erb_for_unknown_types
     assert_equal "Hello, World!", @view.render(inline: "Hello, World!", type: :bar)
   end
 
-  CustomHandler = lambda do |template|
+  CustomHandler = lambda do |template, source|
     "@output_buffer = ''.dup\n" \
-      "@output_buffer << 'source: #{template.source.inspect}'\n"
+      "@output_buffer << 'source: #{source.inspect}'\n"
   end
 
   def test_render_inline_with_render_from_to_proc
-    ActionView::Template.register_template_handler :ruby_handler, :source.to_proc
+    ActionView::Template.register_template_handler :ruby_handler, lambda { |_, source| source }
+    assert_equal "3", @view.render(inline: "(1 + 2).to_s", type: :ruby_handler)
+  ensure
+    ActionView::Template.unregister_template_handler :ruby_handler
+  end
+
+  def test_render_inline_with_render_from_to_proc_deprecated
+    assert_deprecated do
+      ActionView::Template.register_template_handler :ruby_handler, :source.to_proc
+    end
     assert_equal "3", @view.render(inline: "(1 + 2).to_s", type: :ruby_handler)
   ensure
     ActionView::Template.unregister_template_handler :ruby_handler